Hyderabad: 2 arrested for defrauding a man of Rs 5.4 cr in online trading scam

Hyderabad Desk

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.

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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.


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