Four held for duping new investors to tune of Rs 3.63 crores

Jan 06, 2019, 12:24 IST | ANI

Notably, police have seized the cheating amount from the firms. Cyberabad Police Commissioner V C Sajjanar said,

Four held for duping new investors to tune of Rs 3.63 crores
Representational picture

Cyberabad Crime police has arrested four directors of various investment firms (Advisers) operating from Madhya Pradesh's Indore adviser firm for cheating new share trading investors to the tune of Rs. 3.63 crores.

Notably, police have seized the cheating amount from the firms. Cyberabad Police Commissioner V C Sajjanar said, 'In the last few months, we have received complaints on four private firms from four complainants stating that the firms have first provided some tips about online trading and collected amounts from them and later they stopped responding and cheated willingly.'

"Based on the reported cases, a team from Cyber Crime visited Indore and conducted raids on above companies and apprehended four directors by name Swapnil Prajapathi, Akhilesh Raghuvanshi, Santosh Singh Parihar and Sagar Sahu of the four different firms with the help of local police and Securities and Exchange Board of India (SEBI), Indore," he added.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

DISCLAIMER: mid-day and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

TMC leader held with opium worth Rs 3 crore

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK