By The Hindu Bureau
Copyright thehindu
Four indivduals involved in a business investment fraud that cost a Hyderabad resident over ₹4.87 crore were arrested by the Cyber Crime Police Station (CCPS) of the Telangana Cyber Security Bureau (TGCSB) on September 17.
The accused were identified as Mohd Mohinuddin Shaik, 29, a cab driver from Jagadgirigutta; Chinnam Ugra Narsimhulu, 29, also a driver from Kukatpally; Pasupuleti Rajesh, 27, a cab driver from Jagadgirigutta; and Shiva Reddy, 33, an account supplier from Kadapa currently residing in Ameerpet. The officials seized 10 mobile phones, 10 bank passbooks, two cheque books and 10 debit and credit cards from them.
The case came to light following a complaint by the victim, a resident of Hastinapuram, on August 25, 2025, stating that he was lured into joining a WhatsApp trading group after which the fraudsters persuaded him into making investments on a platform. Over two months he transferred ₹4.87 crore to multiple accounts supplied by the fraudsters, who manipulated the app to show fictitious profits and extracted further payments under false pretences. When the victim realised he had been duped, he contacted the cybercrime helpline
Investigations revealed that the group acted on the instructions of Shiva Reddy, who promised commissions of ₹1 lakh per current account provided to fraudsters. Narsimhulu opened an account with Ratnakar Bank and handed the details to Mohinuddin, who supplied them to contacts in Indore suspected to be working with Chinese nationals operating from Cambodia. Rajesh assisted Mohinuddin in managing the accounts and SIM cards linked to them.
The accused opened more than 20 bank accounts, handing over credentials to the Indore-based network. Transactions were typically completed within 48 hours, after which SIM cards and phones were returned to the account holders. Commissions were shared among the group, with Mohinuddin retaining half.
Further investigation in the case is underway.
