The Cyber ​​Unit of the Pune Pune Police has arrested a man from Chennai, Tamil Nadu, who is involved in an alleged financial scam involving hacking of Demat accounts of consumers.

The accused has been identified as Vayakatshanavardhan who was arrested last week. He was working with a private broker firm that handled demat accounts of several customers.

During the investigation of a case registered in Pune Cybercrime, the police found that the accused hacked the complainant’s Demat account and changed its details to the complainant’s email ID and mobile number.

Taking advantage of the changed account details, the accused sold and transferred the shares in the demat account of the complainant. ₹70 lakhs in his personal bank account.

During interrogation of the accused, the police found that he had duped another person from Chhatrapati Sambhaji Nagar in the same manner.

A case has been registered at the cyber police station under sections 420, 419 of the Indian Penal Code and relevant provisions of the Information Technology Act.