A resident of Bokaro, Shivam Shantnu Singh has been arrested alongwith his associate at Hyderabad by the marketing intelligence team of cyber crime on Tuesday. He was accused of cheating people by claiming to provide lucrative business opportunities.
Singh is a resident of Bokaro Steel Township while his associate Rahul Kumar is native of Sheikhpura district of Bihar. Shantanu Singh impersonating himself Narendra Kumar lured a resident there to invest in the share market. Believing him, the victim transferred around Rs 20 lakh to him over a period of time and was later duped by him, said sources.
In another case, Rahul Kumar was arrested for duping a resident of Rs 21.60 lakh on pretext of distribution rights of Haldiram Foods. Based on a complaint from the victim, the police booked a case and arrested the duo, said sources.