Hyderabad Cyber Crime Police Unravel ₹1.16 Crore Stock Trading Frauds

The Cyber Crime Police of Hyderabad have apprehended four individuals involved in perpetrating two major stock market trading frauds, totaling ₹1.16 crore. In the first case, Tamanam Surendra and Damacharla Naresh Babu from Uppal, Hyderabad, swindled A. Harish, a businessman, of over ₹57.3 lakh, utilizing multiple accounts supplied to accomplices across India.

Meanwhile, Gadila Sai Goud and Shilamkoti Sai Kumar from Sangareddy deceived Vaddireddy Ravindra Natha Reddy, a retired employee, of ₹58.6 lakh under the guise of providing trading tips. These arrests shed light on the intricate web of fraudulent activities targeting unsuspecting investors in the stock market.