Hyderabad: The Malkajgiri Cyber Crime Police busted a call centre and arrested eight people for allegedly cheating a 35-year-old teacher in Hyderabad to the tune of Rs 36.3 lakh in an online trading fraud.
According to police, the victim, Gurram Naveen Chandhar from Nagole, came across a fake trading platform through a WhatsApp group named “Barclays” and was lured by the fraudsters into an investment by showing a profit of Rs 7 crore.
Through multiple investments, Chandhar reportedly invested Rs 36,35,010 but received only Rs 5,000, resulting in a net loss of Rs 36,30,010.
Based on his complaint, police registered a case under Sections 316(2) (criminal breach of trust), 318(4) (cheating), 319(2) (cheating by personation), and 338 (forgery) of the Bharatiya Nyaya Sanhita (BNS), along with Sections 66C and 66D of the IT Act.
Police arrested Kadali Revanth Kumar, 20, Ketha Vidya Charan, 23, Kolanati Shiva Vram, 25, Myalabathula Pavan, 28, Mudunuri Shiva, 28, Kadali Chandra Sekhar, 21, Mudunuri Karthikeya Varma, 22, and Noddan Shiva, 22, all natives of West Godavari and Ambedkar Konaseema districts in Andhra Pradesh.
Most of them are students, drivers, and private employees.
Police also seized 45 mobile phones, 40 ATM cards, one laptop, 22 cheque books, 20 SIM cards, three routers, two tablets, five Aadhaar cards, two election IDs, and two PAN cards.
This post was last modified on April 1, 2026 10:05 pm