Hyderabad Cyber Police Nabs Two in ₹74 Lakh National Investment Fraud
(Syed Ali Taher Abedi)
Hyderabad-21-06-2025-In a significant breakthrough, Hyderabad Cyber Crime Police arrested two individuals—Rushikesh Jaywant Kamble and Sohel Mohammad Sultan Shaikh—in connection with a multi-crore investment scam. The accused, apprehended in Pune, Maharashtra, allegedly defrauded a 65-year-old resident of Tol chowki, Hyderabad of ₹74,36,157 by enticing him to invest through a fake trading application named “Abott Wealth Management.”
The victim was approached via WhatsApp and lured into investing through a fraudulent app with promises of high daily returns. After multiple transactions, the app was deactivated and the fraudsters became unreachable. A formal complaint led to the registration of Cr. No. 967/2025 under Sections 66(C), 66(D) of the IT Act and multiple sections of the BNS. Investigation revealed the app and communication channels were designed to mimic legitimate investment platforms.
Modus Operandi:
- Initial contact through WhatsApp, Telegram, and internet calls
- Impersonation of financial professionals and reputed firms
- Fake dashboards showing inflated profits to build credibility
- Fraudulent apps/websites mimicking genuine investment platforms
- Complete cutoff after funds were transferred
Role of Accused:
Kamble and Shaikh orchestrated the scheme using numerous bank accounts—some under proxy identities—to mask transactions. They utilized cheque books and internet banking access to siphon off investor funds. Their operations spanned 38 cases across India, including states like Telangana (3), Uttar Pradesh (11), Maharashtra (7), Rajasthan (3), and others. Police have seized 2 Cheque Books 4 SIM Cards 2 Mobile Phones the investigation was led by Inspector N. Dilip and his team, under the supervision of ACP Sri R.G. Siva Maruthi, Cyber Crime PS, Hyderabad.
Citizens are urged to be vigilant against unsolicited investment offers, especially via social media, WhatsApp, and unknown platforms. Legitimate companies do not offer investment schemes via personal messages or unknown links. Report suspected fraud immediately by dialling 1930 or visiting cybercrime.gov.in.
