Four Arrested for Defrauding Man of ₹5 Crore via Fake Trading App

Rapid Summary

• Four individuals were arrested by the Telangana Cyber Security Bureau’s Cyber Crime Police Station (CCPS) for a buisness investment fraud in Hyderabad.
• The victim from Hastinapuram lost ₹4.87 crore after being manipulated into investing through a fraudulent WhatsApp trading group.
• The accused are Mohd Mohinuddin Shaik, 29; Chinnam Ugra Narsimhulu, 29; Pasupuleti Rajesh, 27; and Shiva Reddy, 33. Seized items include ten mobile phones, ten bank passbooks, two cheque books, and ten debit/credit cards.
• Shiva Reddy was identified as the key operator who coordinated commission payments for accounts provided to fraudsters.
• Investigators found connections to Indore-based contacts suspected of working with Chinese nationals operating from Cambodia. The accused operated over 20 accounts used for rapid transactions and returned SIM cards afterward while sharing profits internally.
• Further examination is ongoing into the broader network behind the scam.

Indian Opinion analysis

The arrests signify progress in addressing higher-value cybercrime targeting unsuspecting citizens through platforms like WhatsApp groups under false pretenses of lucrative investments or trading opportunities. While this case highlights coordination between local operatives and foreign networks-allegedly linked to entities overseas such as Cambodia-the complexity of cyber financial frauds suggests more refined methods likely involving international cooperation among law enforcement agencies moving forward.

Beyond immediate concerns about personal data safety, it underscores India’s growing need for tighter cybersecurity standards at both individual and institutional levels while advocating better education on digital literacy among citizens to prevent victimization on apps/platforms promising easy profits online-a consistent vulnerability exploited globally.

Read more: – September 18, 2025