Cyberabad police arrest seven from Vizag for duping man of Rs 95 lakh

HYDERABAD: Cyberabad cybercrime police arrested seven persons for cheating a victim of Rs 95 lakh in an online investment fraud. Police seized Rs 26.57 lakh in cash, froze bank accounts worth Rs 12 lakh, and secured court orders for the refund of Rs 9 lakh to the victim. The accused were arrested in Visakhapatnam.

According to the police, the case was registered after the victim lodged a complaint alleging that he had been duped through a fake online trading and investment platform operating under the name “Elera Capital Desk.”