Cyberabad Police bust cyber fraud network, six arrested in SIM and bank mule racket
Hyderabad: Cyberabad Cyber Crime Police on Saturday arrested six members of a cyber fraud network that supplied SIM cards, cheque books, and bank accounts to fake trading scam operators in multiple states.
The case was registered under Crime No. 2260/2025 at the Cyber Crime Police Station. Police booked the accused under Sections 318(4), 319(2), 336(3), 338, and 340(2) read with Section 3(5) of the Bharatiya Nyaya Sanhita (BNS) and Section 66-D of the Information Technology Act, 2000.
Cyber fraud network supplied SIMs and accounts to fake trading apps
The arrested accused include Venigalla Srinivas Rao (52), Chitta Ganesh (45), Gandluru Naveen Kumar Reddy (33), Sathuri Rajesh (41), Maddiralla Sudheer (50), and Mohammad Ashraf (39). According to police, the gang facilitated money laundering through mule accounts linked to fraudulent trading platforms.
Srinivas Rao and Chitta Ganesh procured SIM cards and opened bank accounts. Meanwhile, Naveen Kumar Reddy identified individuals willing to rent out their credentials and handled documentation. These accounts were then handed over to Sathuri Rajesh, who received ₹1 lakh per ₹1 crore processed and ₹10,000 per account.
Subsequently, Rajesh sold the data to Maddiralla Sudheer and Mohammad Ashraf. Sudheer forwarded account details to another party for a 5 percent commission. Ashraf transmitted accounts through Telegram using the ID “Sybo_pay,” earning a 2 percent cut.
Police seized seven mobile phones, 11 SIM cards, and three cheque books. A forensic review of mobile data uncovered digital evidence connecting the gang to nearly 400 cyber fraud cases nationwide, including three in Cyberabad. The total estimated loss stands at ₹1.09 crore.
Inspectors G. Vijay Kumar, VDRL. Durga, D. Palavelli, and Sandeep, along with SI and staff of CCPS Cyberabad, are investigating the case. ACP A. Ravindra Reddy and DCP YVS Sudheendra are supervising the probe.
Authorities confirmed that several suspects remain absconding. They plan to continue questioning the six in custody to trace the wider network.
Cyberabad Police warned the public against sharing bank accounts, SIMs, or OTPs for commission. They stressed that such actions are criminal and punishable under law.