Youth held for duping Hyderabad man of Rs 2.43 crore in investment scam

HYDERABAD: Cybercrime police arrested a 22-year-old man from Maharashtra for allegedly duping a 56-year-old Hyderabad resident of Rs 2.43 crore in an investment fraud.

According to police, the victim came across a mobile application shared by the accused — rashmit rajendra Patil, a native of navi Mumbai — on social media to lure gullible persons into investing money with the promise of high returns.