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The Cyberabad Economic Offences Wing (EOW) officials have arrested one of the prime suspects in a Rs 6 crore investment fraud, where victims were lured with promises of abnormally high returns.

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The arrested person , Cyrus Percy Hormusji , was nabbed from his residence in North Goa on September 27, following a tip-off. He was later produced before the local court and brought to Hyderabad.

According to police, Hormusji, along with his associate Nikhil Kumar Goel, floated Fib Wave Analytics LLP and promised annual returns of 30 per cent to 48 per cent to unsuspecting investors.

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Using personal networks and a referral system, they collected huge sums, initially paying out dividends before abrupt

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