Hyderabad: TGSCB arrests two involved in multi crore cyber fraud

The arrested are Rahul Dangi and Rahul Bhoi, both residents of Rajasthan.

Hyderabad: The Telangana Cyber Security Bureau (TGSCB) arrested two persons who are allegedly linked to a multi crore cyber fraud. The arrested are Rahul Dangi and Rahul Bhoi, both residents of Rajasthan.

According to the TGSCB officials, Rahul Dangi with the help of Rahul Bhoi, opened bank accounts and provided the credentials to cyber fraudsters. The cyber fraudsters used the account to get an amount of Rs. 75 lakh transferred from a victim.

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The victim, a resident of the city was duped of Rs. 8.14 crore by the fraudsters on pretext of huge profits in investments in stock market. The victim on directions of the fraudsters transferred Rs. 75 lakh in a bank account operated by Rahul Dangi. After the amount was credited to the account, Rahul then transferred it to different bank accounts.

Following a complaint made by the victim, the police registered a case and found one of the accounts belonged to Rahul Dangi.

“The account operated by Rahul Dangi, was used in 32 cybercrime cases and an amount of Rs. 3.7 crore was transferred into the account,” said TGCSB Director, Shikha Goel.

The police said Rahul Bhoi, had arranged five more accounts for the fraudsters and these accounts were used in 20 cybercrime cases.