Cyberabad Police Bust Mule-Account Syndicate
Six persons were arrested in the case involving a loss of Rs 1.09 crore, and seven mobile phones, three cheque books and 11 SIM cards were also seized.
Hyderabad | 29th November 2025
The Cyberabad cyber crime police today busted an inter-State cyber fraud syndicate that supplied mule bank accounts, cheque books and SIM cards to online trading scam operators.
Six persons were arrested in the case, that involves a verified loss of Rs 1.09 crore.
The police also seized seven mobile phones, three cheque books and 11 SIM cards.
Investigators found that the gang procured bank accounts and SIM cards, handed them over to fake trading platform operators, and routed the victims' deposits through these accounts for hefty commissions.
Forensic analysis of the seized mobile phones revealed 60 cheque-leaf images and links to nearly 400 cyber-fraud cases across India.
The arrested accused are Venigalla Srinivas Rao, Chitta Ganesh, Gandluru Naveen Kumar Reddy, Sathuri Rajesh, Maddiralla Sudheer and Mohammad Ashraf.
The network operated through a commission chain, selling bank accounts for Rs 10,000 each, with transaction volumes yielding commissions of up to Rs 1 lakh per crore.
Mohammad Ashraf allegedly forwarded multiple accounts to overseas fraudsters through the Telegram ID Sybo_pay.
The Cyberabad police cautioned the public against renting or sharing bank accounts, ATM cards, SIM cards or OTPs, and warned that such acts constituted criminal offences.
filed in: Cyberabad, Police, Cyberabad Police, Arrests, Crime, Hyderabad Crime, Cyber Crime