Hyderabad, Oct. 18: Hyderabad Cyber Crime Police have arrested two men for their alleged involvement in a digital arrest fraud case that cost a 63-year-oldretired employee and his daughter Rs. 29.17 lakh.
The accused allegedly arranged bank accounts to route the stolen money, withdrew cash and transferred funds through multiple accounts. Police said they also facilitated cryptocurrency transactions involving USDT in return for commissions.
Hyderabad Police | Accused Allegedly Routed Fraud Money Through Bank Accounts
The arrested men were identified as Mohd Ashfaq Hussain, 27, and Ahmed Najeeb Uddin, 27, both residents of Ameerpet. Police are also searching for a third accused, Sachin, who is reportedly based in Bengaluru.
According to the complaint, the victim received calls on March 3, 2025, from people impersonating officials of Delhi Police, the CBI and the Enforcement Directorate. They falsely claimed he was involved in a money laundering case involving Rs. 6.8 crore and threatened him with arrest.
The fraudsters allegedly sent forged documents and claimed that the victim’s Aadhaar details and fingerprints had been misused. They obtained personal and banking information and pressured him and his daughter to transfer money for supposed verification, promising a refund.
The callers also threatened arrest and instructed the family to keep the matter secret in the name of national security. Believing the claims, the victim and his daughter transferred Rs. 29,17,668. They approached the police after the money was not returned.
Police said technical evidence led investigators to the two accused, who were apprehended in Ameerpet on October 17, 2026.
During questioning, the accused allegedly told investigators that they had contacted Sachin through WhatsApp while facing financial difficulties. Police allege that Sachin directed them to use bank accounts and cash deposit machines to move the fraud proceeds and make the money trail harder to trace.
Ashfaq allegedly collected bank account details from Najeeb Uddin and shared them with Sachin. After the money was transferred into the account, the two men allegedly withdrew it through cheques and deposited the cash into other accounts.
Investigators further allege that Sachin used the funds to purchase USDT cryptocurrency and later sold it online for Indian rupees. The two arrested men allegedly received commissions for facilitating the transactions.
Police seized two Apple iPhones from the accused. Investigators also found that around 16 cases had been registered across India in connection with the alleged fraudulent activities.
The accused were produced before a competent court in Hyderabad. Further investigation is underway to trace Sachin, examine financial transactions and identify others who may have been involved.
The operation was conducted under the guidance of Hyderabad CCS Deputy Commissioner of Police S. Chaitanya Kumar and the supervision of Cyber Crime Assistant Commissioner of Police R. G. Siva Maruthi. Inspector K. Narayana Reddy, Sub-Inspectors Monmohan Goud and G. Sivakumar, and their team participated in the operation.
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