Hyderabad, April 1 -- The Malkajgiri Cyber Crime Police busted a call centre and arrested eight people for allegedly cheating a 35-year-old teacher in Hyderabad to the tune of Rs 36.3 lakh in an online trading fraud.

According to police, the victim, Gurram Naveen Chandhar from Nagole, came across a fake trading platform through a WhatsApp group named "Barclays" and was lured by the fraudsters into an investment by showing a profit of Rs 7 crore.

Through multiple investments, Chandhar reportedly invested Rs 36,35,010 but received only Rs 5,000, resulting in a net loss of Rs 36,30,010.

Based on his complaint, police registered a case under Sections 316(2) (criminal breach of trust), 318(4) (cheating), 319(2) (cheating by personation), an...