Hyderabad police arrested a man in the Goshamahal area accused of cheating a local businessman of Rs 77.5 lakh through a fraudulent investment scheme, officials said May 22, 2026.
Investigators said the suspect promised high returns on a fabricated platform before disappearing with the funds. The victim filed a complaint after failed attempts to recover the principal.
Police said the arrest followed surveillance of digital transactions and witness statements. Similar schemes have targeted small business owners across Telangana as cyber fraud cases rise.
Authorities urged investors to verify Securities and Exchange Board of India registrations before transferring money. The case remains under investigation to identify additional victims and accomplices.
Cybercrime police in Telangana have broken several investment fraud rings operating through fake trading apps in 2026. Victims often receive initial small payouts before larger deposits are blocked. The Economic Offences Wing registered the case after the businessman filed a detailed complaint with transaction records. Officials said public awareness campaigns warn against guaranteed return schemes on messaging platforms.
Hyderabad cybercrime units coordinated with banks to freeze fraudulent accounts quickly after complaints. Telangana police publicized the arrest to deter similar schemes targeting small business owners. Court proceedings will determine bail and restitution to the victim.
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