2 men from MP held for cheating Hyd woman of Rs. 1.20 Cr in trading fraud

Hyderabad: The Hyderabad cyber crime police on 26 March arrested two persons from Madhya Pradesh for online trading fraud. They had cheated a Hyderabad woman to the tune of Rs. 1.20 crore.

The two have been identified as Rahul Siraswal (29) and Mahesh Dev (25) of Indore, Madhya Pradesh. The police seized two mobile phones, 12 debit cards, and five credit cards from them.

According to the police, on 19 November 2020 the woman received a Facebook notification from one Sakshi Mehta who claimed to be a consultant at Central Trade Research which had offices at Vasant Kunj, New Delhi. Later, the company called the woman and asked her to open a D-mat account for online trading and promised her huge profits. She did the same and also provided her bank details to the company.

The complainant also transferred Rs. 5 lakhs for trading. Later, Sakshi Mehta told her that she had earned Rs. 88 lakhs profit and to claim the profit she needed to pay the amount as per company rules. Believing the fraudsters, the complainant transferred Rs. 1.20 crore. When she realized that she had been cheated, she filed a complaint on 1 March 2021.

The police said the two men have cheated several people from all over the country in a similar way and collected huge amounts from them. So far, they are involved in three cases filed at the cyber crime police station, CCS, Hyderabad and Ambika Nagar police station in Chattisgarh.