Hyderabad, April 4:The sleuths of Cyber Crime Police of CCS, Detective Department here have arrested three persons for cheating Rs 1.2 crore in the name of online trading.

Police seized three Mobile Phones, Debit & credit cards from them.

On credible information, the police arrested Trun Prajapati (24), a private employee of New Lohamandi, Indore, Madhya Pradesh, Bablu Chouhan (26) of Kesarbagh Chowki, RTO Road, Indore, Madhya Pradesh and. Sandeep Bansode (27) of Shivam Residency, Indore, Madhya Pradesh for the offense, a police release here said on Sunday.

A complaint was lodged by a female person of Hyderabad on March 1, 2021, and stated that On November 19, 2020, she received notification through Facebook id ‘Sakshi Mehta’’ that she is a consultant in Share trading business with the Company Central Trade Research having their office at Vasant Kunj, New Delhi, they called to the complainant and asked to open D-mat account for online trading and promised to get huge profits.

Believing her the complainant accepted. Further, she provided bank accounts to the complainant and asked for money. Initially, the complainant transferred Rs 5 Lakhs for trading.

After that Sakshi Mehta told that the complainant got Rs 88 lakhs profit in the trading and to claim the profit she needed to pay the amount as per company rules.

Believing the version of the fraudsters, the complainant transferred a total amount of Rs 1.20 crore into the bank accounts provided by the fraudsters. Further, she came to know that she was cheated by them on the pretext of online trading.

The modus operandi was that the accused persons along with other accused persons conspired together and hatched a plan to cheat the innocent people on the pretext of online trading.

According to their plan, they have opened so many bank accounts with different names in various banks in various places of Madhya Pradesh State. The accused persons contacted the victims in the guise of online trading and offered huge profits to them, falling into their trap many victims transferred huge amounts to their bank accounts.

In this manner, the accused persons cheated the complainant an amount of Rs 1.20 Crores on the pretext of online trading.

The accused persons have cheated innocent people from various places of the country and looted huge amounts from them, the release added. (UNI)