Hyderabad, June 26 (IANS) The Cyber Crime Unit of Hyderabad City Police have busted Rs 1.46 crore matrimony-cum-investment fraud with the arrest of four persons. Police said on Friday that these individuals orchestrated the fraud by utilising multiple mule bank accounts to withdraw fraudulent amounts and transferred the funds to Singapore-based cyber fraudsters through Hawala networks.The arrested men are Chokkala Sampath, resident of Siddipet, Hechu Naresh, Endla Suresh and Vadkala Mahesh, all …
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Hyderabad, June 24 (IANS) The Cyber Crime Police of Hyderabad arrested six individuals in connection with a Rs 1.22 crore investment trading fraud. Investigations revealed the operation of a network of mule bank accounts used to route cybercrime proceeds. The accounts were allegedly utilised for online trading and money laundering activities.The arrests mark a significant step in disrupting financial networks supporting cyber fraud, the police said on Wednesday.Three of the accused are residents…