Hyderabad EOW Arrests Yasireddy Anil Kumar and Mandala Raj Kumar for Rs4.15 Crore Fraud

The Hyderabad Economic Offences Wing (EOW) has arrested two individuals, Yasireddy Anil Kumar and Mandala Raj Kumar, for committing criminal breach of trust and cheating their employer, Isthara Parks Private Limited. The floor managers allegedly swapped the company’s authentic QR codes with counterfeit ones, channeling customer payments into their personal accounts. The financial loss from this scam is estimated at Rs4.15 crore.

In a confession, Anil Kumar revealed that the stolen money was used to purchase land, pay off debts, and share the proceeds with colleagues who aided in the fraudulent activity.

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