The Cyber Crimes Wing of Hyderabad Police has dismantled multiple criminal networks involved in trading and parcel scams, arresting accused individuals from Gujarat, Punjab, and Haryana. Investigators reported that victims were defrauded using fake trading apps, WhatsApp groups, and intimidation tactics, resulting in losses amounting to crores of rupees.
In one high-profile case, Inamdar Vinayaka Rajendar (25) and Rishi Thushar Arothe (30), both from Vadodara, Gujarat, were arrested for luring investors through fraudulent stock market platforms masquerading as reputed companies. The duo reportedly duped a Hyderabad resident into investing Rs32 lakh.
Authorities are continuing the investigation to identify other participants in these networks and prevent further victimization.
