7 months ago
2
The Cyber Crime Police of Hyderabad arrested a 28-year-old antheral from Kadiri successful Anantapur district, Andhra Pradesh, for his alleged engagement successful an online concern and trading scam. The accused was remanded to judicial custody pursuing his apprehension successful Tirupati.
According to an serviceman from Cyber Crimes wing, Kandukuru Sulthan Ahmad Khan was arrested aft a nonmigratory of Kalyan Nagar lodged a ailment stating that connected the nighttime of August 21, helium received a WhatsApp connection from a radical named ‘Navuma 915 Insights Stocks’, encouraging him to put successful an app called ‘Nuvama Insights Stocks’ with promises of precocious returns.
“Convinced by the group’s claims, the unfortunate transferred ₹24,71,000 done UPI and slope transfers. The app aboriginal showed a equilibrium of ₹40.60 lakh, but erstwhile helium attempted to retreat the funds, entree was denied and helium was asked to wage an further ₹23 lakh,” said the officer.
The probe revealed that the fraudulent transactions were routed done a slope relationship held successful the sanction of ‘Sultan Imports & Exports’ astatine Karur Vysya Bank. Police identified the relationship holder arsenic Khan, who had supplied fake slope accounts for committee done a Telegram group. He told investigators that a Telegram user, ‘P@anda_566_66’, recruited him to supply slope accounts to launder scam proceeds successful speech for commissions.
On September 20, 2025, Khan met 3 individuals, Teja, Ajay, and Prabu, astatine Kachiguda railway station, wherever helium handed implicit his cheque book, ATM card, and SIM card. Days later, $2,100 successful cryptocurrency (USDT) was transferred to his Binance wallet, which helium converted to Indian Rupees and deposited ₹2,00,000 into his DBS Bank account. Police said Khan had besides provided respective different slope accounts, including 1 with Karnataka Bank, receiving 20% committee for each.
Within conscionable 3 days, the accused and his associates allegedly cheated victims of astir ₹3 crore. Investigations further revealed his engagement successful astatine slightest 15 cyber-fraud cases crossed India, 8 successful Telangana and Andhra Pradesh, and others successful Gurugram, Thane, Lucknow, Delhi, Bengaluru, Udupi, Kancheepuram, Thanjavur, and Ranchi.
