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Man arrested for online fraud
Cyber cell of Cyberabad, arrested one person for cheating in the name of online trading tips through twitter account and collected an amount of Rs 10 lakh from followers. The police seized an amount of Rs 4 lakh from the possession of the accused Bekkam Sunil Kumar Reddy (33) at Kothapet, Banaganapally of Kurnool district on Wednesday.
Cyberabad: Cyber cell of Cyberabad, arrested one person for cheating in the name of online trading tips through twitter account and collected an amount of Rs 10 lakh from followers. The police seized an amount of Rs 4 lakh from the possession of the accused Bekkam Sunil Kumar Reddy (33) at Kothapet, Banaganapally of Kurnool district on Wednesday.
The complainant Naresh Babu Nimmala, IT employee residents of Kondapur, is the follower of the accused persons through twitter account and getting online trading tips since 2016 and paying annual Fee of Rs 25,000 for using services and got some profits through tips from the accused.
The victim transferred Rs 6 lakh on May 8th to the bank account of the accused person on the false promise of paying Rs 5 per cent annual returns even in profit or loss situation. Later, the accused sent a message through whatsapp on the name of one Bharath stating that “He was died by an accident and his wife was in a critical condition and requested more funds from the followers for her treatment”. The complainant requested for action against culprits/fraudster and registered a case vide No. 166/2018 U/s 417, 419, 420 IPC and 66(C& D) of IT Act.
During the course of investigation, basing on the technical & Electronic evidence the hideouts of the fraudster has been identified at Jagathgirigutta and was caught the accused person by name B Sunil Kumar Reddy and he admitted his guilty of offence and stated that due to financial losses in online trading (Share Market).
He hatched a plan with a criminal intention to cheat the public/ followers of his twitter account with the false promises of paying Rs 5 per cent annual fixed income even without profit or loss from the share market and raised the funds from the followers included the complainant of Rs 6 lakh. There by cheated the public. The arrested person sent to judicial custody on Wednesday and his Police custody will be obtained for further investigation.
The case is investigated by Inspector of Police, S V Hari Krishna, assisted by Sub Inspector of Police K Goutham, Vijaya Kumar, under the guidance of I/C ACP S Chandrakanth, Cyber Crime, and under the supervision of Dr G Janaki Sharmila, DCP, Crimes, Cyberabad.
