Mumbai: Man sells livestock data online, lands in police net

The Cyber police have arrested the West Bengalbased owner of two websites for allegedly procuring live data from the National Stock Exchange NSE and selling it illegally through the websitesInterestingly when a manager from NSE who is also the complainant in the case learnt about the fraudulent practice he posed as a customer and purchased the stolen data from the two websites to confirm his suspicion He then lodged a complaint with the police who arrested the accused on SaturdayThe accused Rajendrakumar Chill 32 is an IT graduate living in Vardhman district in West Bengal and runs classes teaching how to flow live data onlineAccording to the police the complainant was sent on deputation to DotEx Company which is a group company of NSE NSE has given DotEx all the rights to sell live data like capital market data future and option data currency derivatives and wholesale debt market dataThe complainant told police that in October 2015 his company learnt that the capital market data future and option data currency derivatives and wholesale debt market data of NSE is being sold on a website rtdsdatacomHe informed companyrsquos authorities and after seeking permission decided to investigate the matterManager investigatesldquoThe complainant first tried to collect the information by visiting the website but could not succeed in his efforts He then called the customer care officer of the website and asked how he could avail of live data of NSE The officer informed him that live data is available but to get it he needs to pay Rs 2550 by online transaction The complainant transferred the said amount in the bank account of one Orbtron Internationalrdquo said an officer from the cyber police stationMeanwhile the complainant learnt that another website orbtronsinternationalcom was also selling NSErsquos live data When he contacted the customer support of that website he was asked to pay an amount of Rs 5000 to avail of the dataThe complainant paid the amount and was given access to the live data of NSE by both the websitesrsquo operatorsOn analysing the data the complainant found that the data was the same available on the NSErsquos private system and access to this data is restricted only to authorised vendorsThe complainant then approached the Cyber police station at BKC and complained that the two websites have stolen NSErsquos live data and were selling it illegallyInvestigators analysed the details of the bank accounts in which the money was deposited by the complainantThe bank accounts were found to be in West Bengal and belonged to one Rajendrakumar Chill The statements of these two accounts showed many people were depositing amounts of Rs 2500 Rs 1000 or Rs 500 Both the accounts had in all over Rs 1819 lakhPolice are finding if this amount is linked to the online transactions on the websitesCulprit heldChill was asked by police to appear before them for investigationOn Saturday when he appeared before the police he was arrested after all the evidence pointed to his involvement in the crime ldquoWhen he was questioned from where he procured the data he told investigators that he bought it from a Canada company We have communicated with this foreign company checking veracity of his claims and further probing the matterrdquo said another officer involved in the probeRs 18 lakhThe amount of money in Chillrsquos bank accounts