Cybercrime police arrest four in ₹4.8 crore business fraud
Victim was lured into fake WhatsApp trading group
HYDERABAD: The sleuths of the Cybercrime Police Station (Headquarters), Telangana Cyber Security Bureau (TGCSB), arrested four men in connection with a business investment fraud in which a Hyderabad resident lost ₹4.87 crore.
Police said the arrests were made on September 17, 2025, in Crime No. 321/2024, registered under Section of the Information Technology Act and Sections of the Bharatiya Nyaya Sanhita.
Fraud through trading app
According to the complaint, filed on August 25, 2025, a resident of Hastinapuram, Ranga Reddy district, was added to a trading-related WhatsApp group and persuaded to invest in a platform, m.ironfxsvip.vip. Over two months, he transferred ₹4,87,10,944 to several current accounts provided by the fraudsters.
The accused manipulated the application to show fictitious profits and demanded further payments under false pretences. The victim realised the fraud and reported it to the cybercrime helpline.
The accused and their roles
The arrested men were identified as:
Mohd Mohinuddin Shaik, 29, cab driver and accounts provider, from Jagadgirigutta, Hyderabad, originally from Nellore.
Chinnam Ugra Narsimhulu, 29, self-driver (Ola, Rapido), from Kukatpally, Medchal-Malkajgiri, originally from Kadapa district, Andhra Pradesh.
Pasupuleti Rajesh, 27, cab driver, from Jagadgirigutta, originally from Guntur, Andhra Pradesh.
Shiva Reddy, 33, account supplier, native of Kadapa, residing in Ameerpet, Hyderabad.
Police said Ugra Narsimhulu (A4) opened a current account in Ratnakar Bank and handed over credentials to Mohinuddin (A3). Rajesh (A5) assisted Mohinuddin, while Shiva Reddy (A6) was the organiser who promised ₹1 lakh commission for each account.
Mohinuddin allegedly maintained contact with fraudsters based in Indore, suspected to be linked to Chinese operators in Cambodia. He collected SIM cards linked to the accounts and delivered net banking details to associates. The group is believed to have opened more than 20 current accounts, later used to channel fraud money.
Seizures and investigation
Police seized 10 mobile phones, 10 bank passbooks, 2 cheque books and 10 debit and credit cards.
The investigation team was led by Deputy Superintendent of Police K V M Prasad, with Inspector E Srinu, Sub-Inspector B Ramu Nayak and other staff.
Public advisory
TGCSB director Shikha Goel, IPS, appealed to citizens not to invest through unverified trading platforms or join WhatsApp groups offering financial advice. She also cautioned account holders against renting out their bank accounts, warning that they would face legal action if found complicit in cybercrime.
