In a major development in the ongoing Rs175 crore cyber crime case, two more individuals have been arrested in Hyderabad. Among those arrested are Babu Gali, an SBI manager from Shamsheerganj, and Sandeep Sharma, a gym trainer. These arrests follow a detailed investigation by the Telangana Cyber Security Bureau (CSB), which discovered that the large sum of money had been illegally transferred through six fake bank accounts.
The investigation revealed that the suspects had colluded with cybercriminals to open multiple fake current accounts. These accounts were used to withdraw substantial amounts of money, which was then funneled to the cybercriminals. Both Babu Gali and Sandeep Sharma were found to have received commissions for their role in facilitating the fraud.
Authorities are continuing their probe to uncover further details of the scam and to identify any additional individuals involved in the fraudulent activities. The investigation also aims to determine if there are any links to larger international cybercrime operations.
The arrest of these two individuals marks a significant step forward in the ongoing efforts to dismantle the cybercrime network behind the Rs175 crore scam. The CSB has urged the public to remain vigilant and report any suspicious activity related to financial transactions.