Khammam police arrest another accused in Rs 547 crore cyber fraud case

Khammam police arrested another accused in the Rs 547 crore cyber fraud case registered at Sathupalli. The accused allegedly provided a bank account used by the fraud network. So far, 27 of the 28 accused have been arrested and remanded.

Khammam: Police have arrested another accused involved in a Rs 547 crore cyber fraud case registered at Sathupalli police station in the district.

Sathupalli Inspector of Police Srihari arrested the accused, Nallanagula Shwethan of Khammam, on Thursday and remanded him to judicial custody.

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In 2023, Shwethan opened a current account in the name of a firm, Shwethan Enterprises, at the Catholic Syrian Bank (CSB) in Chandrugonda of Kothagudem district.

According to the confession of Adapa Ramavenkata Charan, a resident of Mushtibanda in Dammapet mandal of Kothagudem district, who was arrested in the case on February 23, 2026, his associates Udathaneni Vikas Chowdary and Boppana Nagapriya established a company in Hyderabad.

The duo connected with individuals abroad to operate call centres and contacted citizens across the country. Luring gullible persons with promises of high returns, they engaged in various fraudulent activities, including stock market trading, crypto trading, gaming, betting, OTP fraud, RuPay transaction scams and matrimonial scams.

When individuals were lured by these offers, the accused would add them to Telegram groups, send them various links and QR codes, and fraudulently siphon off money from their bank accounts.

They obtained mule accounts from various persons and conducted transactions through them. Of the 28 accused involved in the cyber fraud case, 27 have been arrested and remanded so far, and the case is currently under investigation, Srihari said.

It may be recalled that the main accused in the cyber fraud case, Udathaneni Vikas Chowdary, was arrested and remanded along with 13 others in February 2026 after he remained a fugitive for a long period.