Ramanthapur duo linked to Rs 70-cr cyber fraud

Hyderabad: Hyderabad Cyber Crime Police arrested two individuals on Sunday for operating mule bank accounts used to route illicit transactions amounting to Rs 70 crore. Cyber Crime Deputy Commissioner of Police S Chaitanya Kumar identified the arrested accused as Gumma Ramesh, aged 39, and Mudale Anil, aged 19, both residents of Ramanthapur.

Police revealed that the accused established links with cyber fraudsters and, alongside absconding accomplices, targeted students, delivery personnel, and local residents in Ramanthapur.

The duo enticed 60 to 70 individuals to surrender bank accounts and SIM cards in exchange for cash commissions. Upon obtaining passbooks, debit cards, net banking credentials, and registered SIM cards, the accused dispatched the items via courier to handlers based in Haryana for executing financial frauds.

Investigators suspect these compromised accounts enabled nationwide OTP scams and digital frauds affecting hundreds of victims, with transaction volumes reaching Rs 60 to 70 crore. Both suspects were taken into custody while efforts continue to apprehend their absconding accomplices.

ABOUT THE AUTHOR

Mouli Mareedu

Mouli Mareedu