Cyberabad police bust online trading fraud network, seven arrested

Metro India News | Hyderabad 

Cyber Crime Police Station, Cyberabad, has cracked an online trading fraud case and arrested seven persons for their alleged role in facilitating cybercrime transactions through mule bank accounts. The case was registered as Crime No. 1053/2026.

According to police, the accused were involved in arranging bank accounts, supplying account holders, collecting fraud proceeds, transporting cash, and laundering money for organized cyber fraud syndicates. Investigators found that fraud proceeds were routed through multiple bank accounts before being withdrawn and transferred within the network.

Police said one accused collected the fraudulent funds in cash and handed them over to another member of the network, who subsequently delivered the money to a cash receiver acting on behalf of the main accused. Another accused assisted in transporting and delivering cash.

A separate team arrested another accused in Hyderabad for operating and providing bank accounts used to route cyber fraud proceeds. Police said further investigation is underway to identify additional beneficiaries, account suppliers, cash handlers, and the masterminds behind the fraud network.