Hyderabad, June 24 -- Hyderabad Cybercrime Police on Wednesday, June 24, arrested two people for their role in a Rs 1.22 crore investment fraud, in which the accused operated bank mule accounts to help criminals route stolen funds in exchange for a commission.

The case began when a Hyderabad resident was added to a WhatsApp group called "282 BARCLAYS India High-Quality Stock Trading Research Group" and persuaded to invest in fake trading platforms - www.BarclaysDailyTrading.com and app.bulishmark.com - with promises of high returns and IPO allotments.

To build trust, the fraudsters initially allowed him to withdraw Rs 1.05 lakh. Confident of the platform's legitimacy, he went on to invest Rs 1.22 crore across 19 transactions. The platfo...