Hyderabad: Telangana Cyber Security Bureau (TGCSB) has arrested a fraudster involved in cybercrime worth over Rs 500 crores on Saturday.

The accused was identified as Vaddevalli Lalitha Saran Kumar (30) hailing from Vijayawada, NTR District, Andhra Pradesh. The police have seized two mobile phones.

TGCSB booked a suo motu case in connection with the complaints received over the NCRP portal against the six bank accounts existing in the same branch of SBI, Shamsheergunj, Hyderabad. After keen verification, it was revealed that huge amounts were transacted through these accounts within a very short time of 2 months (March and April 2024), and the account holders are suspected to have been involved in a large-scale cyber fraud.

The account details list shared by TGCSB includes M/s CCEHD represented by Syed Iqbal Hussain with a turnover of 221.06 crores, 234 crime links, M/s Provex Vad Traders represented by Mohamood bin Ahamed Bawazir with a turnover of 234.19 lakhs, 9 crime links, M/s Quantum Quotiffient Innovations represented by Amer Siddiqui with a turnover of 21.42 crores, 19 crime links, M/s Pinnacle Pulse Enterprises represented by Mohammed Imran Siddiqui with a turnover of 234.22 lakhs, 20 crime links, M/s Synergy Sculpt Traders represented by Mohammed Abdul Razzak with a turnover of 28.49 crores, 95 crime links, and M/s Provex AHM Fusion represented by Mohammad bin Ahmad Bavazeer with a turnover of 124.25 crores, 234 crime links.

During the investigation, six accused were arrested previously, including three bank account holders, two agents, and an SBI branch manager from Shamsheergunj branch.

Modus Operandi

The accused, Vaddevalli Lalitha Saran Kumar, resident of Vijayawada and frequently visiting and staying in Dubai, has arranged agents and got opened multiple mule current bank accounts in various banks to use the same in cyber frauds. “The account holders are offered commissions for providing current bank accounts. These accounts were used to receive and route fraudulent funds obtained through organized cybercrimes, including cheating the public through online frauds. Along with his associates, he is operating this network of accounts and facilitated illegal transactions amounting to crores of rupees,” said TGCSB in a statement.

During the course of the investigation, an LOC was initiated against Saran Kumar Vaddevalli, and he was stopped at Sunauli check post (Indo-Nepal road checkpost near Gorakhpur) while entering into India from Nepal. He was brought to Hyderabad on a transit warrant and remanded to judicial custody on 22-08-2025. A hunt is on to nab the other associates of Vaddevalli Lalitha Saran Kumar, who played a major role in this fraud.

Public advisory

The public is hereby cautioned not to provide their bank accounts to others for commission or any other benefit. Such accounts are being misused by cyber criminals. If found involved, strict legal action will be taken, and the account holders will be arrested and prosecuted for facilitating cybercrime.