4 days ago
Cyber-criminal held for duping Hyd bizman
Kanpur: The Telangana police apprehended a cyber-criminal from the Kidwainagar area of the city who had swindled a businessman from Hyderabad of Rs 1.98 crore through online fraud.
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The accused, Amar Sharma, a resident of Juhi Lal Colony in Kidwainagar, was nabbed by the Telangana police. They, with the assistance of local law enforcement, detained Amar Sharma on Saturday night.
After securing a transit remand from the local court on Sunday, the Telangana police took him with them. Amar and an accomplice, Nikhil, had tricked the businessman by promising profits in stock investments, the police said and added that Nikhil was already captured in Delhi.
The investigation revealed that Amar Sharma contacted the Hyderabad businessman via Facebook and suggested investing in the stock market with promises of quick, substantial returns. He allegedly defrauded the businessman of Rs 1.98 crore through these investment schemes. When the businessman realised the fraud, he demanded his money back but received only excuses from the accused. He then lodged a police complaint.
The police first arrested Nikhil in Delhi, who, during questioning, implicated Amar. Following this lead, the Telangana law enforcement agency coordinated with the Kidwai Nagar police station and arrested Amar at his home.
Inspector Kidwai Nagar police station Dharmendra Kumar Ram confirmed that the accused in the cyber fraud case was arrested by Telangana police, who took him to Telangana after taking him into custody.
