Cyberabad Police Arrest Six in ₹1.09 Crore Online Trading Fraud Using Mule Accounts
November 29, 2025
The Cyberabad police's cybercrimes wing arrested six members of a gang involved in inter-state fraud. The syndicate supplied mule bank accounts and SIM cards to scammers running fake online trading sites. Property loss linked to their acts is estimated at more than ₹1.09 crore.
The accused are Venigalla Srinivas Rao, 52; Chitta Ganesh, 45; Gandluru Naveen Kumar Reddy, 33; Sathuri Rajesh, 41; Maddiralla Sudheer, 50; and Mohammad Ashraf, 39. Police seized seven mobile phones, 11 SIM cards, and three cheque books from them.
The gang recruited bank accounts, cheque books, and SIM cards from people and gave them to fraudsters. Fake dashboards and profit statements fooled victims, who transferred money into mule accounts. These accounts were used to move large financial sums for commission.
Forensic checks found 60 cheque leaf images and digital proof linking the gang to about 400 cyber fraud incidents across India, including three in Cyberabad. Srinivas Rao and Ganesh got the accounts, Naveen Kumar Reddy handled paperwork and onboarding. Sathuri Rajesh earned ₹1 lakh per ₹1 crore transaction and ₹10,000 per account. He then passed accounts to Sudheer and Ashraf, who took 2% commission. Sudheer shared specific account info for 5% commission, while Ashraf sent many accounts to overseas scammers via Telegram using ‘Sybo_pay’.
The case is filed under the Bharatiya Nyaya Sanhita and Section 66-D of the IT Act. Police continue to investigate after taking accused into custody. They are tracing others on the run.
Authorities warn the public against sharing or renting bank accounts, SIM cards, ATM cards, or OTPs for money. Such acts are crimes and invite strict legal action.
Read More at Thehindu →
Tags:
Cybercrime
Fraud
Mule Accounts
Sim Cards
Cyberabad police
Online Scams
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