Cyber ​​Fraud of Rs 296 Crore in a Single Account

A massive cyber fraud has come to light in Hyderabad. The Cyberabad Cyber ​​Crime Police have uncovered a scheme in which funds—amassed by defrauding hundreds of people over a three-year period—were transferred into a single bank account. Investigators identified that transactions totaling a staggering Rs 296.96 crore were conducted through an account opened in the name of an individual from Kondapur. Officials stated that substantial financial transfers took place through this account, which was opened in October 2022, continuing through August 2025. This fraud was exposed following an analysis of complaints received regarding this specific account.

The investigation revealed that the cybercriminals were transferring the illicit funds through "mule accounts." Police identified fraudulent transactions exceeding Rs 310 crore across 38 cases registered nationwide. Cases have been filed against 17 individuals in connection with this matter, and the investigation is currently ongoing. These details emerged through "Operation Crackdown," an initiative undertaken by the Telangana Cyber ​​Security Bureau. Police have expressed suspicion regarding the failure of certain banks to detect these transactions, despite the massive sums involved.