Hyderabad police nabs 52 persons including 3 senior bank officials in cybercrime cases
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Hyderabad: Hyderabad cyber police detected a massive online trading fraud amounting to Rs 23 crores, which is being operated across India, Nepal and China, and arrested three bank officials from two different banks from Bengaluru.
According to Hyderabad police commissioner C.V. Anand, fraudulent transactions with Rs 23 crore were routed through accounts created and managed by the accused, who are involved in at least 20 cases nationwide, said
Those arrested included Subham Kumar Jha, deputy manager, RBL Bank, Vidyaranyapura Branch, Bengaluru, Haroon Rasheed Imamuddin Dharawad, alias Haroon Rasheed, assistant vice-president, Axis Bank, Malleshwaram Branch, Bengaluru, and R. Mohan, fabricator from Peenya, Bengaluru.
On August 7 last year, CCCU Cyber acted after they received a complaint from a local victim about fraudsters luring him to their WhatsApp group, whose administrator convinced him to invest his money and promised to earn him a daily profit ranging from 10 per cent to 20 per cent. Initially, the victim invested Rs 40,000. Subsequently, the fraudsters persuaded the victim to purchase IPOs for greater profits. Trusting them, the victim invested Rs 93.89 lakh. Later, when he realised that he was being duped, he reported it to CCCU, Anand said.
The accused initially opened hundreds of mule bank accounts and Gmail IDs using fake identities and they were provided this data to cyber fraudsters in Nepal and China in exchange for commissions, Anand added.
Specifically, in the case booked in Hyderabad, the accused opened a Bandhan Bank account in the name of "M/s Mahi Tech Solutions" using a fake address. The login credentials were shared with cyber fraudsters via Telegram, and Rs 38,00,000 of the victim's money was funneled through this account.
“During the investigation, we found that fraudulent transactions worth Rs 23 crores across accounts managed by the accused and the accused were involved in 20 similar cases across India,” Anand said.
Police seized a laptop, 16 mobile phones, 38 debit and credit cards, 32 cheque books, 9 SIM cards, stationary of shell companies and other indiscriminate material from the arrested.