Two arrested, over ₹23 lakh recovered in investment fraud

Two men from Mumbai were arrested by the cybercrime helping of the Hyderabad constabulary successful transportation with an concern fraud that duped a Hyderabad national of implicit ₹23 lakh. The accused, identified arsenic Dharmesh Jaswantbhai Barot, 35, and Mohd Shahid Hanif Ansari, 38, orchestrated the scam done fake banal trading platforms and fraudulent WhatsApp groups.

The lawsuit came to airy pursuing a complainant connected August 9, 2025, successful which the unfortunate stated that she was lured into joining a WhatsApp radical claiming to supply adept trading tips. The accused utilized FaerPE trading app to induce her to commercialized successful “Block Deals,” initially allowing tiny withdrawals to summation spot earlier freezing her full concern nether the pretext of a “T+2 colony period.”

Investigation revealed that the accused manipulated fake dashboards and nett charts to look professional. “Dharmesh targeted Rapido motorcycle taxi drivers, including Shahid, promising commissions of up to ₹10 lakh successful speech for their existent slope accounts. These accounts, including Shahid’s Naira enterprises RBL account, were utilized arsenic conduits to furniture and siphon disconnected the cheated money, making the way hard to track,” said Hyderabad Cyber Crimes DCP V. Aravind Babu. Police seized 2 mobile phones connected to the operation.

Meanwhile, the Hyderabad Cyber Crime Police person urged citizens to stay cautious of fake concern schemes, put lone done SEBI-registered brokers and verified platforms, and study immoderate cybercrime instantly via the helpline 1930.