Two from Gujarat dupe Hyderabad resident of Rs 32 lakh, arrested

The Hyderabad Cybercrime Police arrested two men from Gujarat on charges of duping a city resident to the tune of Rs 32 lakh through a fake online trading scheme.

The suspects identified as Inamdar Vinayaka Rajendar (25) and Rishi Thushar Arothe (30) lured the victim via a WhatsApp group posing as an Aditya Birla stock advisory.

Police said the duo had convinced the victim to download a fraudulent trading app, invest in



shares and IPOs, and later blocked withdrawals while demanding more deposits.

Rajendar supplied multiple bank accounts to the fraudsters, while Arothe, a former Ranji player, diverted funds by converting them into cryptocurrency through e-wallets.

The duo is also linked to 12 similar cases across India, including in Telangana, Maharashtra, Karnataka, and West Bengal.

Investigation is under progress.