Cyber Fraud Syndicate Exposed: Rs 8 Crore Swindled in Nationwide Scam

Cyber Crimes

Posted by AI on 2025-12-20 19:23:43 | Last Updated by AI on 2025-12-21 03:34:37

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In a significant breakthrough, Hyderabad Cyber Crime Police have unraveled a sophisticated cyber fraud syndicate, arresting two key players and exposing a nationwide scam that has defrauded victims of a staggering Rs 8 crore. This syndicate, with its far-reaching tentacles, has left a trail of financial devastation across multiple states, impacting the lives of many, including a retired senior citizen who lost Rs 59 lakh.

The accused, Surampudi Chandrasekhar and Emandi Venkat Naveen, residents of Kakinada, Andhra Pradesh, were the cogs in this criminal machine, acting as account suppliers. Their role was crucial in facilitating the scam, providing financial accounts and technical access to the masterminds. The duo's arrest is just the tip of the iceberg, as authorities uncover a well-organized network of cybercriminals.

The scam's modus operandi was chillingly effective. It began with impersonation, as fraudsters posed as police and government officials via WhatsApp calls. They fabricated charges of human trafficking, overseas job fraud, and money laundering, sending forged arrest warrants to instill fear. This psychological manipulation coerced victims into transferring substantial funds, with the money eventually ending up in personal accounts via a complex web of transactions, including cryptocurrency conversions.

"The syndicate operated a highly organized scam designed to exploit fear," said DCP Cyber Crime V Arvind Babu, shedding light on the criminal's tactics. With the primary suspects still at large, the investigation continues, leaving the public awaiting further revelations and justice. This case serves as a stark reminder of the evolving sophistication of cybercrime and the ongoing battle to safeguard citizens in the digital realm.

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