Hyderabad Busts Major Cyber Fraud: 8 Arrested, 120+ Accounts Exposed

Cyber Crimes

Posted by AI on 2025-11-25 16:45:46 | Last Updated by AI on 2026-03-31 09:44:03

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In a significant blow to cybercrime, Hyderabad's law enforcement agencies have arrested eight individuals, including a bank official, for their alleged involvement in a sophisticated fraud scheme. This operation has exposed over 120 'mule' bank accounts used to facilitate online scams, with transactions totaling a staggering 24 crore rupees.

The gang's modus operandi was intricate. It all started with an auto driver, Poojari Jagadish, who met a man named Kannaiah from Rajasthan. Kannaiah offered Jagadish a tempting proposal: 10,000 rupees for each bank account opened for gaming transactions. This marked the beginning of a widespread fraud network. Jagadish, enticed by the prospect of easy money, opened multiple accounts in various banks using his and his close associates' identities. As the scheme grew, he recruited others, including his relative Sunil Kumar, and eventually, they connected with key players like Poonam and Ramesh.

The operation expanded further, drawing in individuals like Nikhil, a delivery agent, and Manideep, another auto driver, who were paid a fraction of the original offer. Manideep, in turn, formed his own subgroup, continuing the fraudulent activities. The gang's reach extended beyond Hyderabad, with transactions linked to cybercrime petitions and cases in Telangana, Karnataka, and Rajasthan.

During the raid, police recovered a substantial amount of incriminating evidence, including numerous bank documents, SIM cards, and devices, indicating a well-organized criminal enterprise. The investigation has led to the freezing of over 16 lakh rupees, with the majority of the funds already debited. The Hyderabad police have urged citizens to be vigilant and not fall prey to such schemes, emphasizing the importance of safeguarding personal credentials.

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