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The Siasat Daily

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Hyderabad man loses nearly Rs 50 lakh in trading fraud

Hyderabad: A 33-year-old man was arrested by the cybercrime team of Hyderabad police on Tuesday, January 6, for defrauding people to the tune of Rs 49.90 lakh in the name of online trading. According to police, Ashfaq, who runs a general store business, gave his bank account to cyber fraudsters on a commission basis for Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .

6 Jan 2026 9:07 pm