Hyderabad Cybercrime Police Bust Major Online Trading Fraud Network, Six Facilitators Arrested

Hyderabad’s Cybercrime Police have arrested **six alleged facilitators** of a large online trading fraud network operating across multiple states. The accused were reportedly helping scam operators siphon money from victims through a fake trading scheme.

According to officials, the suspects provided **bank accounts, cheque books, and SIM cards** that were used to receive funds from victims and circulate money on commission. The arrested individuals have been identified as **Vengala Sri Niyas Rao, Chatta Ganesh, Gundluru Naveen Kumar Reddy, Madirela Sudheer, Sathvuri Rajesh, and Mohammed Ashraf**.

Forensic analysis of the seized mobile phones revealed digital evidence linking the network to **nearly 400 cyber fraud cases** nationwide, including **three cases** within the Cyberabad jurisdiction. In one case, scammers defrauded a Hyderabad resident of **₹1 crore**.

Police said that fraudulent bank accounts were handed over to **Sathvuri Rajesh** at a rate of ₹1 lakh per ₹1 crore turnover, and ₹10,000 per account. Rajesh then passed these accounts to **Sudheer and Ashraf** at a 2% commission. Sudheer, in turn, transferred credentials to another individual for a 5% commission, while Ashraf allegedly shared multiple banking profiles with overseas handlers via a Telegram channel.

The total reported loss in this case so far stands at **₹1,09,50,000**. Police have seized **seven mobile phones, three cheque books, and eleven SIM cards** during the operation.

Authorities added that several other suspects are still at large, and further arrests are expected. Citizens have been warned that **renting out or sharing bank accounts, SIM cards, or OTP credentials is a criminal offense** and will be met with strict legal action.