Hyderabad: The Telangana Cyber Security Bureau (TGCSB) has arrested two individuals for allegedly scamming a man of Rs 5.4 crore under the guise of online trading investments.
The two individuals, Rampilla Konda Rao and Rampilla Chandrasekhar Azad are both the Directors of a firm named Ricky Software Tech Private Limited.
69 yr old man from Hyderabad duped of Rs 35.36L in investment scam
According to Shikha Goel, Director of TGCSB, the suspects attracted victims through social media platforms.
Following a complaint from the victim, the police registered a case and apprehended Konda Rao and Chandrasekhar Azad.
Authorities confiscated their mobile phones, PAN cards, GST registration certificates, and other documents during the arrest.