Chennai: The accused, Syed Abu Thahir (34) of Teynampet and Syed Ali Hussain (40) of Chidambaram, have been school mates. They began deltinfx.com a
The accused, Syed Abu Thahir (34) of Teynampet and Syed Ali Hussain (40) of Chidambaram, have been school mates. They began deltinfx.com and deltininternationalsolutions.com in 2019, the police mentioned.
“They approached individuals claiming to be the administrators of a foreign exchange agency and focused those that have already indulged within the share market after acquiring their database. The duo requested them to spend money on the foreign exchange market via their web site. They made them deposit cash on their web site after opening an account and confirmed a number of numbers as if the victims’ cash is invested out there and the day by day standing of their funding,” mentioned inspector Vinothkumar.
The duo was arrested based mostly on a criticism by one M Ashok Kumar of Tiruverkadu, who misplaced about Rs 10.5 lakh to them. Investigation revealed that the duo had cheated greater than 700 individuals from throughout the nation to the tune of Rs 12 crore within the final two years. The accused have been remanded in judicial custody on Monday.
“Now we have the listing of the victims and have been contacting them to obtain complaints. On Tuesday, 5 extra victims, together with one from Bhopal, reached the town police commissionerate to lodge complaints. We’d take the accused into our custody once more to determine if extra individuals are concerned within the rip-off,” mentioned the inspector.