Khammam police file suspect sheet in ₹549 crore fraud
KHAMMAM: Police have opened a suspect sheet against ten cybercrime accused from Khammam district for allegedly siphoning off ₹549.95 crore through bank accounts opened in the names of unemployed youth.
Youth lured with commissions to open bank accounts
According to Police Commissioner Sunil Dutt, the accused lured youth with promises of commissions and persuaded them to open bank accounts. Funds obtained through cyber fraud were routed into these accounts before being diverted to their own accounts.
The accused, including Vikas Chowdary of Mistibanda village in Dammapeta mandal of Bhadradri Kothagudem district, his wife Nagapriya Boppana of Sathupalli, and others, operated in coordination with international cybercrime networks.
Fraud spread across multiple online schemes
Police said the group cheated victims through schemes involving matrimony services, reward points, online gaming, betting, share market investments, and cryptocurrency trading.
The money collected from victims was deposited into accounts opened by unemployed youth from the Sathupalli area, who were promised commissions in advance.
Hyderabad police detect racket, probe continues
Hyderabad police identified the network while tracking large-scale cyber fraud. A case was registered in January this year, and the accused were arrested and remanded. Some later secured bail.
Police have now opened suspect sheets against ten individuals and are verifying their residences and financial transactions. Their details have been uploaded to local police station records and official websites for continuous monitoring, the commissioner said.
