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Hyderabad, Sept 19 (PMI): The Cybercrime team, Hyderabad City, has arrested Sanjeev Kumar (49), a resident of Ludhiana, Punjab, in connection with a trading fraud case registered under Cr. No. 1419/2025 at Cybercrime PS, Hyderabad. The accused is also linked to five other similar cases across India.
Case Facts:
The victim, a 69-year-old priest from Hyderabad, reported that in April 2025, he was added to a WhatsApp group by unknown persons and introduced to Raghav Sharma, who instructed him to download the “IMPV PRO” app for online stock trading. The accused manipulated the victim into investing large sums by showing inflated profits, ultimately defrauding him of ₹1,23,40,000.
Modus Operandi:
Emotional & Financial Manipulation: Scammers gain trust through friendly conversations before shifting focus to investments.
False Trading Expertise: The Accused claimed to be a forex trading expert operating on suspicious platforms.
Fake Profits & Returns: Small amounts were credited to victims’ accounts to build confidence.
Pressure for Larger Investments: Victims were coerced into transferring larger amounts.
Tax & Withdrawal Scams: Additional payments were demanded in the name of taxes or withdrawal charges.
Seized Items:
Mobile Phones – 2
Cheque Book – 1
Stamp of Sanjeev Trading Co. – 1
The operation was led by Sri K. Satish Reddy, Inspector of Police, with team members SI P. Suresh, PCs Mallesh, Govinda Rao, and Ch. Rajesh Kumar, Ramu, and Shiva Shankar, under the supervision of Sri R.G. Siva Maruthi, ACP, Cyber Crimes, Hyderabad.
Public Advisory:
Authorities warn citizens to be cautious of fake investment groups on WhatsApp, Telegram, Instagram, Facebook, and X promising high returns. Investors are advised to use only SEBI-approved apps and consult SEBI-registered financial advisors before investing. Scammers often credit small amounts initially to gain trust, then block further withdrawals. (pressmediaofindia.com)
