Police bust cyber fraud ring, arrest two and seize Rs 25L

Nandyal: Cracking down heavily on digital financial crimes, Nandyal district police successfully busted an inter-district cyber fraud network, arresting two persons involved in sophisticated investment scams and malicious mobile malware schemes. District SP Suneel Sheoran disclosed the breakthrough during a press conference held in Nandyal on Thursday.

Police seized four mobile phones, a laptop, and Rs. 25 lakh in cash from the accused, identified as Kolusu Srikanth from Vizianagaram and Sanapala Sai Prakash Naidu from Vijayawada. Detailing the cases, SP Sheoran stated that the first incident involved a 34-year-old software employee from Kanala village who lost Rs. 22.80 lakh after being lured by a fake Instagram stock-market investment ad.

The victim was shown a fictitious profit balance and pressured to pay “taxes” before contacting the 1930 helpline. In the second case, an auto driver lost Rs. 5.24 lakh—raised by pledging gold ornaments—after opening a malicious WhatsApp APK file that compromised his bank account. Investigators revealed that the fraudsters routed illicit funds through current bank accounts and SIM cards procured via agents.

Under the supervision of Allagadda SDPO Srinivasa Rao, Koilkuntla CI P Hanumanthu Naik and SI C Ramanaiah tracked down and arrested the suspects at around 10.30 AM on Thursday.

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The Hans India