Arrests in Khammam district cyber fraud case involving ₹547 crore transactions

The Hindu
The Hindu
24m ago
V M Banjar police in Khammam district arrested 18 people in a cyber fraud case involving ₹547 crore in transactions linked to fraudulent call centres based abroad.
Arrests in Khammam district cyber fraud case involving ₹547 crore transactions
A What happened
V M Banjar police in Khammam district arrested 18 people in a major cyber fraud case involving transactions worth ₹547 crore linked to fraudulent call centres based abroad. Police said the main accused, Potru Manoj Kalyan of Sathupalli town, was arrested and sent to remand. Police said the accused induced multiple individuals to open bank accounts under the guise of employment, business opportunities and monetary incentives, then used those accounts to receive, transfer and launder cyber fraud proceeds, including converting part of the money into cryptocurrency. Police said efforts were underway to nab six more accused who were at large.

Key insights

  • 1

    Bank accounts opened in others’ names were used to move fraud proceeds: Police said the accused induced individuals to open bank accounts and then operated those accounts to receive, transfer and launder cyber fraud proceeds.

  • 2

    Part of the proceeds were converted into cryptocurrency: Police said the accused converted a portion of the swindled money into cryptocurrency.

Takeaways

Police in Khammam district have arrested 18 people and are seeking six more suspects in a ₹547-crore cyber fraud case linked to overseas fraudulent call centres.

Topics

Technology & Innovation Cybersecurity Investigations Law & Public Safety Crime & Justice

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