A 36-year-old man, S. Dinesh of Mathialagan Nagar in Saligramam, was arrested by the Telangana police on Saturday in connection with an online fraud case. The police team had traveled to the city in search of Dinesh, who was implicated in a fraudulent online scheme that defrauded investors of approximately Rs5 crore.
The arrest follows a complaint filed on May 23, 2024, with the Secunderabad cyber crime police station, where several investors claimed to have been duped by Dinesh’s online investment scheme. Investigations revealed that Dinesh was involved in luring people into the fraudulent scheme, leading to significant financial losses for the victims.
Dinesh’s arrest has come as part of an ongoing investigation into the growing issue of online frauds targeting unsuspecting investors. The police are continuing their efforts to gather further information and trace any other individuals involved in the scam.
