Businessman alleges ₹23 crore fraud in online betting scheme

Complaint filed against six accused linked to illegal gaming app

HYDERABAD: According to the complaint, a Hyderabad-based businessman has alleged that he was cheated of ₹23 crore by a group running an illegal online betting and gaming network.

In his complaint, S Vijay Bharat Reddy, 44, a resident of Kushaiguda, stated that the accused—identified as Sachin Dilip Daiya, Tamarapally Sathya Prasad, Deep Shashank Baru, Mahanthi Praneeth, Rakesh and others—lured him into investing in a gaming website named World777.now.

According to the complaint, Daiya and associates promised high returns, initially showing small profits to build trust. Encouraged by these gains, Reddy invested further. Between 2023 and 2025, he claimed to have lost ₹23 crore—₹14.77 crore through online transfers and ₹8.48 crore in cash.

Funds routed through multiple accounts, partly laundered via cryptocurrency

The complainant said the group manipulated accounts to cause losses and routed funds through multiple bank accounts, part of which were converted into cryptocurrency for laundering.

Police records show accused face earlier cases in Hyderabad and Nalgonda

Police records cited in the complaint note that some of the accused are already facing criminal cases in Kushaiguda, Nalgonda and for offences under the Narcotic Drugs and Psychotropic Substances (NDPS) Act in Golconda.

“The accused communicated with victims through WhatsApp, Botim and FaceTime and were also involved in other illegal activities for profits,” the complaint stated.

Reddy alleged that the overall fraud run by the group exceeded ₹100 crore and urged authorities to take necessary action.