Two individuals from Rajasthan, Nanda Kishore and Deepak Vaishnav, were arrested by the Telangana Cyber Security Bureau for their alleged involvement in financial fraud. The duo, residents of Beawar district, established a fake office under the name Salasar Trading Company in Basheerbagh to facilitate the opening of a bank account at Bandhan Bank in SR Nagar.
During a physical verification, officials discovered that the company did not exist at the reported location. The accused operated the bank account from Beawar and targeted victims through a WhatsApp group called “Stock Market” and a fraudulent website.
One of the victims, Gajengi Sathaiah from Karimnagar, was persuaded to invest in the share market, lured by promises of high returns. The investigation is ongoing as authorities work to uncover more details about the scam.