Hyberabad police arrested nine individuals for allegedly providing bank accounts to cyber fraudsters involved in a Rs 4.6 lakh investment scam. The arrests came during the investigation of a case registered on July 22.
The Special Operations Team (SOT) and Cyber Crime unit of Medchal raided multiple hotels near DLF and Gachibowli, Hyderabad, leading to the arrests. Those apprehended include Sumit Rathore and Manvendra Singh Rathore from Rajasthan, along with Mohammed Nadeem Ur Rehman, MD Nayeem Ur Rahaman, Md Shafi, S Bharath, T Mahesh, Abdul Khaled, and J Mahesh, all residents of Hyderabad.
Authorities seized 16 mobile phones, a laptop, two cars, and Rs 82,500 in cash from the accused.
Officials revealed that local accomplices provided their bank accounts to cyber fraudsters in exchange for commissions. The two men from Rajasthan acted as intermediaries, coordinating between the account holders and a handler operating under an alias on Telegram.
According to DCP D Srinivas of the SOT, the accused used an Android application limited to Samsung devices to remotely access bank accounts. Once money from cyber fraud landed in these accounts, it was quickly transferred to other accounts for withdrawal.
The intermediaries from Rajasthan earned Rs 25,000 monthly from the handler, who also covered their hotel expenses. To avoid detection, the accused frequently changed hotel rooms.
All suspects were produced in court and remanded to judicial custody as the investigation continues.
