Hyderabad, June 21 (UNI) Hyderabad Cyber Crime Police have arrested two individuals from Pune, Maharashtra for their involvement in an online investment scam that defrauded a 65-year-old man from Tolichowki of Rs 74.36 lakh.
Police seized two mobile phones, four SIM cards, and two cheque books from their possession.
Based on a complaint, the Cyber Crime Police arrested Rushikesh Jaywant Kamble from Pune and Sohel Mohammad Sultan Shaikh from Maharashtra, according to a police statement on Saturday.
The accused lured the victim via WhatsApp, sending a fake trading application link under the name "Abott Wealth Management" and promised high returns on investments. Trusting their claims, the victim deposited the amount, only to discover later that the app was blocked and communication severed.
A case was registered under multiple sections of the IT Act and BNS, leading to the arrests. The accused used multiple bank accounts—both personal and proxy—to receive funds and carried out fraudulent transactions using cheque books and internet banking.
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