T Nagar man duped of Rs 2.3 crore in online trading scam, four held
CHENNAI: The cyber crime wing of the Central Crime Branch (CCB) in Chennai on Saturday arrested four men for allegedly running an elaborate online scam involving fake Initial Public Offering (IPO) and stock trading platforms. The accused duped a T Nagar resident of Rs 2.26 crore by promising high returns on investments, the police said.
The suspects, Sathyanarayanan (60), Manivel (25), Roshan (35), and Simson Chelladurai (26) were traced to Tirunelveli and Tenkasi, where they operated by creating fake current accounts and laundered the proceeds of the crime. Police recovered Rs 4.38 lakh in cash and seized seven mobile phones from them.
