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Hyderabad Cyber Units Arrest Six in WhatsAppDigital Arrest’ and Investment-Scam Network

Police trace laundered money through shell firms, USDT via Binance P2P, with more accomplices under pursuit.

Overview

  • Hyderabad cybercrime police and the Telangana Cyber Security Bureau arrested six suspects across two linked fraud cases targeting city residents.
  • In the ‘digital arrest’ case, Surampudi Chandrasekhar and Emandi Venkat Naveen were held after a senior citizen was coerced into transferring ₹59 lakh via WhatsApp impersonation, forged warrants and a malicious APK.
  • Police say funds were routed through shell firms, converted to USDT and withdrawn via Binance P2P, with the two suspects tied to 65 cases involving about ₹8 crore nationwide.
  • In a separate investment scam, TGCSB arrested Avula Srinivas, Kukkala Sathish Kumar, G. Rajender and Vatti Michael Reddy for supplying current accounts, including an Axis Bank account of Thanish Consultancy Pvt Ltd, to move part of ₹3.49 crore.
  • Investigators seized mobile phones, cheque books and cards, traced 94 NCRP complaints and over ₹6.29 crore in transactions to one account, and said the accused were remanded as efforts continue to find additional collaborators.