The 27 -year -old man from Pandjab was arrested by the Hyderabad Cyber Cyber Cyber Police in connection with the fraud of online trading that cheated on a freelancer trader more than 86 ₹ Lakh.
The accused, Gurdit Singh of Amber Nagar, Ludhian, operated bank accounts used to collect funds from victims attracted to fraudulent investment systems.
The wing officer said the case began when a 64 -year -old online trader from Hyderabad received WhatsApp messages in April 2025 and offered allegedly high income from institutional shares, IPO under QIB quota and bulkheads.
“The victims have been said to have ranges from 2% to 20% of institutional stocks and up to 80% on OTC stores. Influenced by false demands and manipulated by devised profits displayed in the SMC ACE business application, the victim constantly invested larger amounts.
However, when he tried to raise funds, the application could not process applications. The scammers then pushed him to invest more and quote high profits, but retained earlier deposits. When the victim realized it was a scam, filed a complaint, and revealed losses totaling 86.65 563 GBP.
The police registered the case under IT parts of the law and Bharatiya Nyaya Sanhit. Gurdit Singh was watched to the pandjab where he was detained. The mobile phone and the debit card used on fraud were confiscated.
Published – September 2025 17:33
