3 weeks ago
1
The Kochi City Cyber Police, probing a large online trading fraud successful which a pharmaceuticals businessman was duped of ₹25 crore, person arrested 2 men from Hyderabad. The arrested men person been identified arsenic Allamraju Satyanarayana Murthy, 36, and Banka Tyson Raju, 34, who allegedly handled astir ₹16 crore of the defrauded amount. Five radical had earlier been arrested successful the case.
The scam was allegedly carried retired done a website purportedly based successful Cyprus. Victims were reportedly lured into online trading with promises of precocious returns. Cases against the level person been registered crossed aggregate States, the Kochi City Police said successful a release.
The probe squad traced the accused to Hyderabad and arrested them aft securing tribunal warrants. The duo had allegedly been starring a lavish manner utilizing the proceeds of the crime. The constabulary said Mr. Murthy, a erstwhile IT employee, owns an IT steadfast and a operation company. Investigators fishy his accelerated concern enlargement was funded done cyber fraud.
