The masterminds behind the fraud, Cyrus Hormusji and Nikhil Kumar Goel, operated under the firm name Fibwave Analytics LLP, promising unusually high returns on investments to unsuspecting victims, according to a press release from A Muthyam Reddy, Deputy Commissioner of Police, Crimes & EOW,
The Economic Offence Wing (EOW) Police of Cyberabad arrested a person who was involved in Cheating, Criminal Breach of Trust and collected money from chit customers.