Two arrested for alleged 175 crore cyber fraud in Hyderabad

Two men from Hyderabad who were allegedly involved in a Rs. 175 crore cyber fraud were arrested by the Telangana Cyber Security Bureau on Sunday. The arrested fraudsters include Mohammed Shoeb Tauqeer of Masab Tank and Mahmood Bin Ahmed Bawazir of Moghalpura.

According to Director TGCSB, Shikha Goel, the bureau’s data analysis team found numerous complaints were



reported on the National Cyber Reporting Portal (NCRP) against six bank accounts in SBI, Shamsheergunj. During a thorough verification, it was found that many transactions of high amounts were done through these accounts within a short period in March and April 2024.

Sensing the account holders were involved in large-scale cyber fraud, an investigation was launched.