DB Stock Broking manager arrested for defrauding investors of ₹7 crore through fake schemes.

Vijji Jagadeesh Chandra Prasad, a manager at DB Stock Broking in Hyderabad, has been arrested for allegedly defrauding around a dozen investors of ₹7 crore through false investment schemes promising high returns. Alongside owner Deepankar Barman, Prasad closed the operation in July 2024, leaving investors without their money. The Telangana Police have issued warnings about such fraudulent schemes following this incident.

November 01, 2024
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