Neredmet: The Rachakonda Cybercrime sleuths on Friday arrested a cybercrime offender by name Rahul Kumar, Director of National Stock Research (NSR) office at Bengaluru, and others for cheating a person to the tune of Rs 1.81 lakh. They made claims that they would provide accurate stock calls for trading in stocks and assured good returns in 28 trading days. They claimed told that National Stock Research Company was in tie-up with Angel Broking Company and would open a trade account with his details and would add his investment funds to his Angel Broking trade account to trade the stock. Also Read – Hyderabad: Wall collapse in Kukatpally damages four cars Advertise With Us According to Cybercrime sleuths, Sravan Chittireddy complained on July 30 that he received phone calls and emails from Surya Chaitanya, K Deepak, P R Chandra Shekar, Vijay Ramesh and Nivedh Narayanan and was told that they were employees of NSR in Bengaluru and that their company had analyst team which had contacts with National Stock Exchange. They made him believe that NSR was not only an advisory company but would als provide accurate tips for making good returns in stock market in 28 trading days. He was to transfer money to their NSR company. They asked him to make payments on Paytm. They promised him 5 to 11 times profit on his investments and also told him that they would issue security bonds from the company. Also Read – With 61 feet high, Khairatabad Ganesh claimed to be tallest idol in India Advertise With Us If they failed to provide him accurate stock calls as they promised, he can claim the security bonds immediately. They also claimed their company has tie up with Angel Broking Company and will open an trade account with his details and add his investment funds to his Angel Broking trade account to trade in stocks. Believing them, the complainant transferred a total of Rs 1.81 lakh through Paytm and cash-free links to the bank accounts of NSR. When he did not notice any positive result from them, he made phone calls and sent emails several times but the accused did not respond. Realising that he was cheated, he lodged a complaint, based on which police registered a case under Sections 417, 419, 420 IPC and Section 66 (C&D) of IT Act-2008 and took up investigation. Advertise With Us The cybercrime wing found that the main accused Rahul posed as a director of NSR and other accused as his employees. They collected the details of d-mat account holders from a third party and lured and cheated some d-mat account holders. The accused used the funds of d-mat account holders for their personal purposes and thus cheated them. Police brought the accused Rahul and Surya Chaitanya along with seized electronic material and phones to the city to be produced before the court.