
Andhra man arrested for duping many in fake stock mkt schemes
The accused was nabbed after a months-long technical operation spanning across Haryana, Delhi, Telangana, and Andhra Pradesh.
Deputy commissioner of police (Crime) Kundan Kanwaria said the accused has been identified as Palli Venkat Ramanjaneyulu.
"Acting on a complaint filed on Nov 17, 2024 at the Cyber Police Station, the team launched a detailed investigation. The complainant alleged that he was cheated through multiple transactions under the guise of investing in a fraudulent online stock trading platform," Kanwaria said.
Two other accused were already arrested earlier in connection with the case. Further technical analysis of the bank accounts revealed that Rs 1.42 crore was transferred to Ramanjaneyulu's account. Cyber investigators then examined his mobile usage patterns and digital trail. He was on the run, frequently changing locations and mobile devices to evade capture.
After three months of sustained tracking, the accused was finally traced to Krishna district in Andhra Pradesh and apprehended on 11 July 2025.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
This Could Be the Best Time to Trade Gold in 5 Years
IC Markets
Learn More
Undo
He was brought to Jaipur on a transit warrant and produced in court, which remanded him to police custody. He is now in judicial custody.
The accused operated a fake WhatsApp profile to contact victims, shared links to fraudulent stock trading websites, and persuaded them to invest. In the initial phase, small profits—actually diverted from the deposits of other victims—were paid to build trust. Once larger amounts were invested, he offered excuses for not returning the money and eventually cut off contact.
The cyber team has collected extensive digital evidence, examined bank transactions, and continues to analyse data linked to related accounts. Investigations are ongoing to identify more victims and potential accomplices.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
38 minutes ago
- Time of India
Woman raped, forced to convert; 5 held
Bijnor: Five people were arrested for allegedly raping and forcibly trying to convert a 27-year-old woman in Bijnor district, police said on Sunday. The woman also alleged that "the accused were planning to sell her kidney for Rs 50 lakh. Tired of too many ads? go ad free now " In her police complaint, the survivor said she worked at a shop in an area under Nangalsoti police station. Her husband abandoned her about a year ago as he did not like her working till late in the evening, and this led to frequent quarrels between them. Taking advantage of her vulnerable situation, the shop owner offered to arrange accommodation for her at his own expense, and later exploited her sexually. Between Feb and March this year, he and his associates allegedly put pressure on her to embrace Islam. In her police complaint, the survivor said that on Feb 25, the shop owner, accompanied by his wife, brother-in-law and a few others, arrived at her residence and administered some kind of intoxicants and forcibly tried to convert her. The survivor said the main accused also took her to various hospitals in Rishikesh and Delhi, where he contacted some agents and planned to sell her kidney for Rs 50 lakh. When she resisted, she and her five-year-old son was held hostage at a house from Feb through March. She somehow managed to escape from the house in April and remained silent, as the perpetrators threatened to kill her son. On Saturday, the woman gathered the courage to approach police, following which an FIR was filed. Bijnor SP (city) Sanjeev Vajpayee said, "We have registered a case against nine people under BNS sections 64 (rape), 61(2) (criminal conspiracy), 109(1) (abetment), 115(2) (kidnapping/attempt to murder), 253 (harbouring offender), and 3(5) (related to grievous offences), as well as sections 3(1) and 5(1) of Uttar Pradesh Prohibition of Unlawful Conversion of Religion Act." "Charges related to illegal organ trade have also been added. Five of the accused, including the main conspirator, have been arrested. Efforts are on to nab the remaining four. A detailed investigation is underway," the SP said.


Time of India
41 minutes ago
- Time of India
What is Golf Force One? Trump's armoured buggy patrols Scottish golf course; protest threat triggers security upgrade
Trump, Golf foce one (AP, X images) During Donald Trump 's visit to his Turnberry golf course in South Ayrshire, Scotland, on Saturday, an armoured golf cart nicknamed "Golf force one" was deployed for his security. The reinforced buggy followed him throughout the game. The buggy, believed to be a reinforced Polaris Ranger XP, appeared heavily armoured,and could serve as a quick getaway vehicle in case of an attack. The black vehicle has drawn comparisons to 'The Beast', the bulletproof car used to transport US presidents. 'From those photos, that is 100 per cent armored. The windscreen is a giveaway, as are the side panels, doors, and the large panel at the rear above the load tray,' a car armor expert told The Telegraph. A US secret service spokesperson didn't confirm specific details to Daily Mail, saying only that the agency uses 'a variety of tools' to keep protectees safe. Trump has often said he feels at home in Scotland, where his late mother, Mary Anne MacLeod, was born on the Isle of Lewis. But Trump faced demonstrators gathered in Edinburgh and other UK cities, calling the visit part of a broader problem with Trump's politics. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Harry Potter Star Surprises Fans with New Look. The Noodle Box Read More Undo Many held signs and marched as part of the 'Stop Trump coalition.' One 15-year-old protester in Edinburgh, Amy White, held a sign reading, 'We don't negotiate with fascists.' 'We're here together because we hate him,' she said. At the golf course itself, a lone protester, Matt Halliday, managed to breach the tight security to display signs linking Trump to Jeffrey Epstein and mocking him with a message about bagpipes. Despite the protests and heavy security, Trump played the full round with his son Eric and ambassador Warren Stephens.


The Print
an hour ago
- The Print
RInfra, Rpower say Enforcement Directorate concludes searches
The company continues to operate in the normal course and the said action has no impact on its business operations, said two separate statements issued by both RInfra as well as RPower. 'The action by ED has concluded at all locations. The company and all its officials have fully cooperated and will continue to cooperate with the authority,' RPower said in its latest stock exchange filing. New Delhi, Jul 27 (PTI) Reliance Group firms Reliance Infrastructure (RInfra) and Reliance Power (RPower) on Sunday said the Enforcement Directorate (ED) has concluded searches at their premises and the companies will continue to cooperate with the federal probe agency. On Saturday, the ED carried out searches against the companies of Reliance Group chairman Anil Ambani in Mumbai for the third day and recovered a number of documents and computer peripherals from multiple locations, according to official sources. The raids were launched on July 24 by the federal probe agency as part of an alleged Rs 3,000-crore bank loan fraud-linked money laundering case apart from multiple other allegations of financial irregularities with crores of rupees by certain companies. 'The action by the ED has had no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders,' the two companies said in their stock exchange filings. Anil D. Ambani is not on the boards of RInfra and RPower. Accordingly, any action taken against RCOM or RHFL has no bearing or impact on the governance, management, or operations of RInfra and RPower, the two companies said. According to ED sources, the investigation primarily pertains to allegations of illegal loan diversion of around Rs 3,000 crore, given by the Yes Bank to the group companies of Ambani between 2017 and 2019. The Union government had informed the Parliament recently that the State Bank of India has classified RCOM along with Ambani as 'fraud' and was also in the process of lodging a complaint with the CBI. A bank loan 'fraud' of more than Rs 1,050 crore between RCOM and Canara Bank is also under the scanner of the ED apart from some 'undisclosed' foreign bank accounts and assets, the ED sources said. Reliance Mutual fund is also stated to have invested Rs 2,850 crore in AT-1 bonds and a 'quid pro quo' is suspected here by the agency. Additional Tier 1 (AT-1) are perpetual bonds issued by banks to increase their capital base and they are riskier than traditional bonds having higher interest rates. An alleged loan fund diversion of about Rs 10,000 crore involving Reliance Infrastructure too is under the scanner of the agency. PTI ABI HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.