Cyberabad police re-register ₹2 crore crypto fraud case, begin fresh probe
HYDERABAD: Cyberabad police have re-registered a criminal case involving an alleged cryptocurrency fraud of over ₹2 crore, following orders from the Commissioner of Police to transfer the case from Rajendranagar police station to the Cyber Crime Police Station for further investigation.
According to the memorandum (C No. 410/C2/CD-file/Cyb/2025, dated October 11, 2025) received from the Commissioner of Police, Cyberabad, the case originally registered as Crime No. 1099/2024 under Sections 316(2) and 318(4) of the Bharatiya Nyaya Sanhita (BNS) at Rajendranagar police station has been transferred and re-registered as Crime No. 2537/2025 at Cyber Crime Police Station. Sub-inspector P Srinivasulu re-registered the case and handed over the investigation to Inspector K Shankar Reddy.
Complainant alleges ₹2 crore loss in crypto fraud
The complaint, filed by Nityanand Rao Soorvey, a private employee residing at Budwel, Rajendranagar, alleged that in 2020 he became acquainted with D Anirud while both were employed at Franklin Templeton Investments Pvt Ltd. The accused, Anirud, allegedly persuaded the complainant to lend him money for trading and investment purposes, promising repayment.
Over time, the complainant transferred about ₹2,00,00,567 through bank loans and mobile loan apps. Later, Anirud reportedly told him that the funds were stuck in a cryptocurrency wallet on a platform called Binance. He asked the complainant to set up a digital wallet and perform additional transactions to release the funds.
However, the complainant discovered that the support email and website domain “binanctrade.in” were fraudulent and registered in Telangana, and not associated with the official Binance platform. He further alleged that Anirud and his wife, D Nishitha, evaded repayment, frequently changed addresses, and threatened him with false legal action when he sought recovery.
Based on his complaint, police registered the case under Sections 316(2) and 318(4) of the BNS and have initiated investigation into the alleged crypto-related fraud
