Former security dealer held for cheating investor of Rs 14.70 lakh

ROURKELA: The Cyber Crime and Economic Offence police on Thursday arrested a former securities dealer for siphoning off Rs 14.70 lakh from the demat account of an investor.

The victim, in his police complaint, filed on September 11, said had he came in contact with Ayush Singh a year back while he worked with Axis Securities and managed his demat account. Police said on August 27 Singh had requested an OTP from the victim for registering in ‘Easy Assist’ of his demat account with the Central Depository Securities Ltd (CDSL). However, Singh changed the victim’s login credentials (email id and phone number) and transferred stocks worth Rs 14.70 lakh from the latter’s demat account to another.