Cyber Crime Police in Hyderabad have arrested six individuals in connection with a Rs1 crore investment fraud involving Chinese links and fake trading platforms. The accused posed as officials of the National Stock Exchange (NSE) and Coin SSDCX, targeting victims through Instagram and Telegram.
The arrested individuals have been identified as Addulapuri Harsha Vardhan, Konduru Venu, Mylaram Pradeep, Pachipala Vinodh Yadav, Parasanaboina Vamshi, and Mangali Laxman.
According to ACP RG Siva Maruthi, the complainant — a 34-year-old woman from Tarnaka — was duped between January and July 2025. The fraudsters lured her into joining fake online groups, where she was asked to perform “online tasks” and invest in fake trading apps.
Initially, she received small returns, building trust. Over time, she was persuaded to transfer larger sums under the guise of investment, tax clearance, and target achievement.
In total, she transferred Rs1,05,03,752 to various bank accounts as instructed by the scammers. Despite her trading app showing an account balance of Rs6.05 crore, she never received any returns. Realizing the fraud, she reported the case to police.
The accused were booked under multiple sections of the IT Act (66C, 66D) and relevant provisions of the Bharatiya Nyaya Sanhita (BNS) including Sections 111(2)(b), 318(4), 319(2), 336(3), 338, and 340(2).
Investigations are ongoing into the wider international network behind the operation.
