Two Arrested For Rs. 175 Cr Cyber Fraud
Hyderabad, Aug 25 (Maxim News): Two men from Hyderabad who were allegedly involved in a Rs. 175 crore cyber fraud were arrested by the Telangana Cyber Security Bureau on Sunday. The arrested fraudsters include Mohammed Shoeb Tauqeer of Masab Tank and Mahmood Bin Ahmed Bawazir of Moghalpura.
Click Here To Join Us On WhatsApp
According to Director TGCSB, Shikha Goel, the bureau’s data analysis team found numerous complaints were reported on the National Cyber Reporting Portal (NCRP) against six bank accounts in SBI, Shamsheergunj.
During a thorough verification, it was found that many transactions of high amounts were done through these accounts within a short period in March and April 2024.
Click Here To Join Us On WhatsApp
Sensing the account holders were involved in large-scale cyber fraud, an investigation was launched.
“Approximately 600 complaints are linked to these accounts. The main fraudster, operating from Dubai, and his five associates were actively involved in luring poor people into opening bank accounts and supplying them for use in cyber crimes and hawala operations on a commission basis, said Shikha Goel.
The police said that Shoeb played a key role in opening bank accounts and preparing all necessary documents required for the purpose. After opening the accounts, the signatures of the account holders were obtained on the cheques, which were then kept in the custody of one of the associates. “A part of the money that landed in the accounts was sent to Dubai through cryptocurrency, ” said the official.
Click Here To Join Us On WhatsApp
On directions of the fraudsters, Shoeb, and other associates convinced some poor individuals to open six current accounts in the SBI Shamsheergunj branch in February 2024, luring them with commissions. In March and April, significant transactions occurred in these six accounts amounting to approximately Rs. 175 crores. Efforts are on to apprehend the remaining persons who are absconding.
The cybercrime police cautioned people not to open a bank account for someone else or engage in suspicious transactions. If you have already opened a mule account, report it to 1930 or cybercrime.gov.in. (Maxim News)
More Stories :
-
Shamshabad Temple Attack: Tension Erupts As Hindu Organisations Protest
![Shamshabad Temple Attack: Tension Erupts As Hindu Organisations Protest]()
Hyderabad, Nov 5 (Maxim News): Security was tightened in Shamshabad following the desecration of idols of deities at a temple in the airport colony, Shamshabad on Tuesday.
-
Union Minister Pralhad Joshi Launches Phase-II Retail Sale Of Bharat Atta And Bharat Rice
![Union Minister Pralhad Joshi Launches Phase-II Retail Sale Of Bharat Atta And Bharat Rice]()
The Union Minister Pralhad Joshi launched Phase – II of the retail sale of Bharat Atta and Bharat Rice by flagging off mobile vans of NCCF, NAFED, and Kendriya Bhandar here today, in the presence of Minister of State, B.L. Verma.
-
Hyderabad Traffic Police Launch Crackdown On Without Helmet Riders and Wrong-Side Drivers
![Hyderabad Traffic Police Launch Crackdown On Without Helmet Riders and Wrong-Side Drivers]()
Hyderabad, Nov 4 (Maxim News): Hyderabad Traffic Police have initiated a special drive to keep a tab on rash drivers and motorists violating traffic rules.
-
President Murmu Graces First Asian Buddhist Summit
![President Murmu Graces First Asian Buddhist Summit]()
President Droupadi Murmu graced the first Asian Buddhist Summit, organized by the Ministry of Culture, Government of India, in collaboration with the International Buddhist Confederation (IBC), in New Delhi today (November 5, 2024).
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News update
