Two individuals from Bengaluru, identified as T Ayush (20) and K Harshath (20), were arrested by the Dindigul police for allegedly deceiving a local man of ₹39 lakh under the guise of stock trading profits. The victim, Saravana Kumar (32), a mill worker from Dindigul, was first contacted by a Bengaluru-based private company through social media in January 2024, which claimed to offer stock trading profits.
The company’s executives convinced Kumar to invest, starting with ₹1 lakh. After receiving initial returns, Kumar was persuaded to transfer more funds to various bank accounts, eventually sending a total of ₹39 lakh. Realizing he had been scammed, Kumar filed a complaint with the Dindigul police’s cyber wing.
The police tracked the transactions to nine different accounts, freezing them and recovering ₹10 lakh, which was returned to Kumar. Further investigation led to the arrest of Ayush and Harshath in Bengaluru, where the police seized two iPhones and ₹4.95 lakh in cash from the accused. The two were produced in court and remanded in custody.
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