Crackdown on cyber fraud: 13 persons, including two bank officials, six mule bank account holders arrested in Karimnagar

The Karimnagar police have busted an organised cybercrime network by arresting 13 members of the cyber fraud syndicate, including two bank officials and six mule bank account holders, allegedly linked to illegal financial transactions to the tune of a staggering ₹138 crore.

Those arrested were identified as B. Sairam, 30, A. Ranjith, 36, and Boga Rakesh, 35, of Jagtial district, A. Mallesham, 37, of Peddapalli district; B. Pranay, 25, of Karimnagar district; bank officials B. Kalyan, 52, manager of Ratnakar Bank Limited (RBL), Hanamkonda, and Ayesha Begum, 30, Karimnagar, police said.

A detailed investigation, launched as part of ‘Operation Crackdown’, revealed that the members of the cybercrime syndicate were allegedly involved in illegal financial transactions through the mule bank accounts and also transfer of the cyber fraud proceeds abroad.

The accused have been booked under Section 112 and Section 318 (4) of Bharatiya Nyaya Sanhita (BNS), and Section 66-D of the IT Act. Further investigation is underway.

Karimnagar Police Commissioner Gaush Alam urged people to remain vigilant against nefarious designs of cyber fraudsters and report cybercrimes through the helpline 1930 or www.cybercrime.gov.in.