Four held over alleged network linked to 54 cyber fraud cases

Hyderabad Cybercrime Police arrested four persons for allegedly supplying mule bank accounts and SIM cards to cyber fraudsters. Police linked the alleged network to 54 cases across India involving suspected transactions worth Rs 10 crore and seized phones and cards

Hyderabad: The Hyderabad Cybercrime Police have arrested four persons for allegedly supplying mule bank accounts and SIM cards to cyber fraudsters and identified 20 accounts linked to the network.

The arrested persons were identified as P Abhishek, M Subrahmanya Chari alias Bannu, G Nani and A Manikanta.

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Cybercrime officials said the case was registered following a complaint by a woman who allegedly lost Rs 37.40 lakh after being lured into investing in online trading through WhatsApp with promises of high returns.

Police said Abhishek allegedly coordinated with a Chinese national and recruited the other three accused to arrange bank accounts in exchange for commissions.

Officials found that around 54 cases across India, involving suspected fraudulent transactions worth Rs 10 crore, were linked to the alleged network.

Police seized nine mobile phones, 10 debit and credit cards, and other material.