Adilabad, April 7 --  The Utnoor Police in Adilabad district have arrested two men for allegedly cheating almost 25 people of Rs 1.19 crore by luring them into fraudulent online stock market investments with promises of high returns, a senior official said on Tuesday, April 7.

The accused have been identified as Syed Javed, 39, a resident of Navodaya Nagar Lakkaram village in Utnoor mandal, and Kothapelli Gangadhar, 35, a registered medical practitioner  (RMP) from Ghanpur village, Utnoor.

District Superintendent of Police (SP) Akhil Mahajan said the accused targeted residents of Utnoor and surrounding villages, persuading them to invest in a fake stock trading application by showing fabricated profit figures. The duo is ...