• Source:ANI
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Hyderabad Cyber Crime Police arrested five people who cheated a woman of Rs 3.16 crore. Police said the fraudsters promised her high returns on stock market investments after persuading her to invest in a company named Unity Stocks. The victim, a resident of Hyderabad, filed a complaint in November 2023, police registered a case back then and arrested the accused on Saturday.

The accused were identified as Swayam Timaniya, Meet Timaniya, Brijesh Patel, Harsh Pandya and Shankar Lal, who were working for the main culprits Arjun and Yug. The accused also asked her to deposit money in various stock market and gaming websites, claiming that she would get a minimum of 30 per cent returns in six months.

''Accused asked her to deposit the amounts in the different stock market and gaming websites like Dafabet, Unity Exchange, T20 IPL etc. saying that if she invests maximum money and holds it for six months then she can get minimum of 30 per cent returns of the invested amount," a police official said as quoted by news agency ANI.

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Police registered a case and investigated the matter. They found that the fraudulent money was transferred to Indian accounts and then to Angadia (Hawala), a parallel banking system. They arrested one account supplier, Ronak Tanna, on December 31, 2023, and later nabbed the other five accused in Ahmedabad and Gandhinagar in Gujarat.

Police seized Rs 8 lakh in cash, one laptop and 12 mobile phones from the accused. They are further probing the involvement of other people in the scam.

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