In a significant cybercrime crackdown, the Hyderabad Cyber Crime Police arrested six individuals for their alleged involvement in a Rs1.05 crore investment fraud linked to Chinese operatives.
The accused — Addulapuri Harsha Vardhan, Konduru Venu, Mylaram Pradeep, Pachipala Vinodh Yadav, Parasanaboina Vamshi, and Mangali Laxman — orchestrated a well-planned scam targeting a 34-year-old woman from Tarnaka, Hyderabad.
According to police, the fraud spanned from January to July 2025, during which the accused posed as officials from NSE and Coin SSDCX, using Telegram and Instagram to contact and lure the victim.
Initially, they credited small rewards into her fake trading account to build trust. Gradually, she was coaxed into transferring large sums of money for so-called investment upgrades, tax clearance, and target achievement approvals.
The victim transferred a total of Rs1,05,03,752 to various accounts, believing her investment had grown to over Rs6.05 crore, as falsely shown in the manipulated app dashboard. No withdrawals were allowed, and eventually, she realized it was a well-orchestrated scam.
ACP RG Siva Maruthi, who led the operation, stated that the police have registered a case under:
Sections 66C, 66D of the IT Act
Sections 111(2)(b), 318(4), 319(2), 336(3), 338, and 340(2) of the Bharatiya Nyaya Sanhita (BNS)
All six accused were taken into custody and are being interrogated further. Authorities are also investigating foreign links, specifically with Chinese handlers, as well as digital payment trails to trace other accomplices.
