In a significant cybercrime crackdown, the city’s Cyber Police Station arrested Palli Venkat Ramanjaneyulu from Andhra Pradesh for duping victims of Rs 3.35 crore through fake online stock market investment schemes. The arrest follows a detailed investigation and a months-long technical operation spanning Haryana, Delhi, Telangana, and Andhra Pradesh.
Deputy Commissioner of Police (Crime), Kundan Kanwaria, revealed the accused was traced after a complaint was filed on November 17, 2024, alleging fraud through multiple transactions on a bogus stock trading platform. Earlier, two other suspects were apprehended in connection with the case.
Technical analysis revealed Rs 1.42 crore was funneled into Ramanjaneyulu’s bank account. Cyber investigators tracked his mobile usage and digital footprints despite his attempts to evade capture by frequently changing locations and devices. After three months, he was finally apprehended in Krishna district, Andhra Pradesh, on July 11, 2025.
Ramanjaneyulu used a fake WhatsApp profile to lure victims, sharing fraudulent stock trading website links to solicit investments. Initial small “profits,” paid from new victim deposits, were used to build trust before disappearing with larger sums. Victims were given excuses for non-payment and then cut off completely.
The Cyber Police have collected extensive digital evidence, reviewed bank transactions, and continue to analyze related accounts to identify additional victims and accomplices. Investigations are ongoing.
