Hyderabad Police Bust Cyber Fraud Racket, Arrest 14 Individuals

A cyber fraud racket was busted by Khammam police in Hyderabad, resulting in the arrest of 14 individuals. The accused were involved in cheating citizens through fake online investment, trading, and betting schemes.

The main accused, Udatneni Vikas Choudary, revealed that since 2020 they had operated online gaming and betting operations with links to foreign cyber criminals. They ran call centres that contacted Indian citizens, luring them with promises of high returns in stock trading, crypto trading, gaming, and betting.

The accused used social media groups to send fraudulent links and QR codes, siphoning money from victims' bank accounts. They also opened multiple current bank accounts through agents, offering monthly payments of ₹50,000 and commissions of ₹10,000, ₹20,000 per account.