Former army man nabbed from Hyderabad for duping Ahmedabad businessman of ₹86 lakh in stock market fraud

Ahmedabad cybercrime cell nabbed a former army personnel,  Swami Ayyappa Naravula Apparao, from Hyderabad for duping a city businessman of ₹86 lakh over a WhatsApp call.

The ex-army man called the businessman on WhatsApp and informed him that he had an insider tip for the stock market. 

Trusting the tip, the businessman invested ₹86 lakh in the share market. After that, the accused converted the amount into US dollars and transferred it to Cambodia.

Realising the scam, the businessman filed a complaint against the accused in the Ahmedabad Cyber crime and an investigation was started for the same.

With the help of the money-transferring link, cybercrime cell was able to trace and identify the accused and nabbed  him from Hyderabad.

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