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The Telangana Cyber Security Bureau (TGCSB) arrested four individuals in connection with a large-scale business investment fraud, in which a Hyderabad-based software employee was cheated of Rs3.49 crore.
During the operation, police seized four mobile phones, two cheque books, and three debit and credit cards from the accused.
The arrested individuals were identified as:
Avula Srinivas, 45, resident of Meerpet
Kukkala Sathish Kumar, 41, resident of Mahabubabad
G. Rajender, 50, resident of Warangal
Vatti Michael Reddy, 49, resident of Karimnagar
Authorities said the investigation is ongoing to track the financial trail and identify any additional victims.
