The Cyber Crime Police, Hyderabad, have arrested two accused from Mumbai in connection with a sophisticated online investment fraud case registered as Cr. No. 1420/2025. The accused allegedly cheated a Hyderabad based complainant of ₹23.48 lakh by luring victims into fake share trading schemes through WhatsApp groups.
According to police, the fraudsters operated multiple WhatsApp groups posing as professional share trading advisors. Victims were encouraged to invest through a fake trading application named “FaerPE Trading App” which displayed fabricated profits to gain trust. Once the complainant invested a substantial amount the app showed high returns but the funds were later frozen under the pretext of settlement and additional charges, preventing any withdrawal.
Arrested Accused:
- Dharmesh Jaswantbhai Barot @ Lali (A 2)
- Mohd Shahid Hanif Ansari (A 3)
The arrests were made in Mumbai following technical analysis and financial trail tracking. During the operation police seized two mobile phones used in the commission of the offence.
Investigations revealed that the accused used mule bank accounts to siphon off the cheated money and conceal the money trail. The case was successfully detected by the Cyber Crime Police team under the supervision of senior officers highlighting the growing sophistication of online investment scams.
Further investigation is underway to identify additional accused, trace the remaining funds and dismantle the wider network involved in the fraud.
Public Advisory:
Cyber Crime Police Hyderabad have urged citizens to remain vigilant against online investment scams. The public is advised to:
- Avoid investment offers promising guaranteed or unusually high returns
- Invest only through SEBI registered platforms and verified applications
- Never trust trading tips circulated through WhatsApp or Telegram groups
Victims of cyber fraud are advised to immediately call the national cybercrime helpline 1930 or report the incident at the nearest cyber crime police station for prompt action.
