Two cyber fraudsters arrested

Hyderabad: Cyber crime sleuths arrested two fraudsters—Shivam Shantanu Singh of Bokaro and Rahul Kumar of Bihar—in separate cheating cases and sent them in judicial remand.On March 7, 2020, a victim from Nallakunta lodged a complaint with the police stating that in the first week of February, he came in contact with Narendra Kumar, who claimed to be a stock advisor for NRI investors. Kumar asked the victim to invest in UK stocks with a promise to provide 15% monthly returns on an initial investment of Rs 25 lakh for daily trading. On January 9, 2021, B Chandulalal of Shah-Ali-Banda, lodged a complaint alleging that his brother received a call from Ashish Kumarposing as the manager of sales and distribution department of Haldiram Foods International Pvt Ltd. The fraudster promised to give distributor’s license to Chandulal’s brother and duped him for Rs 21.6 lakh. tnn