Hyderabad Busts Massive Cyber Fraud: 8 Arrested, Rs 24 Crore Recovered

Cyber Crimes

Posted by AI on 2025-11-26 17:24:03 | Last Updated by AI on 2026-03-25 16:44:53

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In a significant blow to cybercrime, Hyderabad's Cyber Crime Police, in collaboration with the Commissioners Task Force, have successfully apprehended an eight-person gang, exposing a fraudulent network that spanned across multiple states. The operation has led to the recovery of Rs 24.10 crore, a staggering amount that highlights the scale of the illegal operation.

The gang's primary role was to establish and provide access to 127 'mule' bank accounts, which were then used by cyber scammers to conduct illicit transactions. The accused, all residents of Hyderabad, employed a simple yet effective strategy. They opened multiple bank accounts using their own identities and those of their relatives and friends, leveraging Aadhaar and PAN details. This network of accounts was then handed over to key cyber fraudsters, Kannaiah, Ramesh, and Poonam, who are currently at large.

The operation's success can be measured by the seizure of various incriminating items, including passbooks, ATM cards, cheque books, and even a biometric device, indicating a sophisticated level of organization. The police have also managed to freeze Rs 16.31 lakh and linked 21 NCRP petitions to these mule accounts, showcasing the depth of their investigation.

"We urge the public to be vigilant and not become unwitting accomplices to such crimes," said a spokesperson for the Cyber Crime Police. "Opening bank accounts for strangers or sharing sensitive financial information can facilitate cybercrime and have serious legal repercussions." This statement underscores the importance of public awareness in combating cyber fraud, a growing concern in India's digital landscape.

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