Hyderabad police cyber crimes wing arrested 33-year-old Mohammed Ashfaq for a large online fraud. A city resident lost nearly ₹49.9 lakh after investing in a fake WhatsApp scheme called “86 DBS India Wealth Group Investment.” The victim was first contacted by a woman named Meena Bhat and joined a WhatsApp group. He deposited ₹2 lakh, saw fake profits, and withdrew small amounts to build trust. Later, he was persuaded to invest much more. Fraudsters claimed his money was tied to an IPO and demanded extra payments. When he refused, he was blocked. Realising the scam, he called cybercrime helpline 1930. Police found Ashfaq ran a general store but let cyber fraudsters use his bank account for commissions. This account handled about ₹3.7 crore in fraud linked to online stock market scams nationwide. Ashfaq even travelled to New Delhi where the account was used for these crimes. OTPs collected from him helped move the money online. The same account links to 29 cybercrime cases across India including Telangana, Karnataka, Maharashtra, Gujarat, Odisha, Assam, Haryana, Tamil Nadu, Uttar Pradesh, and West Bengal. In Telangana, the accused is tied to many cases in Hyderabad and Cyberabad. Police registered charges under IT Act Sections 66C, 66D, and Bharatiya Nyaya Sanhita laws.