Former army man nabbed from Hyderabad for duping Ahmedabad businessman of ₹86 lakh in stock market fraud
Updated: Oct 10th, 2024
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.
Also read :
Five who posed as CBI officials to dupe woman of ₹79 lakh arrested
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