The Telangana Cyber Security Bureau (TGCSB) has discovered a major network of cyber fraud involving bank employees, corporate staff, accountants, and educated youth. This is expected to be one of the largest cyber frauds in the country. Investigators have identified 754 crime links throughout India, with 128 of these connected to Telangana, involving an estimated fraud of ₹95 crore.
Bank Employees and Professionals Involved
During the operation, several people working in trusted positions were arrested. These include:
- Three bank employees
- A Sales Executive from IDFC Bank linked to 106 fraud cases
- A Federal Bank employee
- A Branch Manager from Bandhan Bank
- A Diploma holder in Computer Operations involved in 96 cases
- An Accountant from Chennai connected to 31 cases
- A BBA graduate linked to 45 cases
- An MNC employee who misused his company account for fraud
Arrested Individuals 👇
These arrests show how skilled people with access to bank systems and corporate accounts are helping cybercriminals move and hide illegal money.
25-Day Multi-State Operation
The joint operation lasted 25 days and covered five states: Maharashtra, Karnataka, Kerala, Tamil Nadu, and Andhra Pradesh. A total of 81 cybercriminals were arrested, including seven women.
“Facilitators who provide bank accounts, mobile numbers, SIM cards, and financial channels were identified and arrested during the operation. By arresting these persons, TGCSB aims to dismantle the ecosystem that supports large-scale financial fraud and ensure that such networks are deprived of tools they depend on,” said Shikha Goel.
“Among those arrested, 17 were identified as agents, 11 were involved in cheque and cash withdrawals amounting to ₹34.70 lakhs, and 53 were mule account holders, who received commissions of up to 5 per cent for lending their bank accounts for fraudulent transactions,” Shikha Goel, Director of TGCSB, has said.
Arrests by State
The individuals have been arrested form several states:
- Kerala: 28 arrests
- Maharashtra: 23 arrests
- Karnataka: 13 arrests
- Andhra Pradesh: 10 arrests
- Tamil Nadu: 7 arrests
Types of Roles in the Cybercrime Network
Among the accused:
- 17 acted as middlemen
- 11 handled cheque and cash withdrawals worth Rs 34.7 lakh
- 53 were mule account holders who allowed their bank accounts to be used for fraud, earning commissions up to 5 percent
The police also seized:
- 84 mobile phones
- 101 SIM cards
- 89 bank passbooks and cheque books
These items were used in hundreds of fraud cases across the country.
Scale of the Fraud
Investigations have linked 754 cases across India, including 128 in Telangana, involving nearly Rs 95 crore in fraudulent transactions. At least 12 accused were connected to 30 or more cases, and 54 others were linked to more than five cybercrime networks.
Officials also discovered that some accused were in contact with handlers based outside India. Look-Out Circulars (LOCs) have been issued for these foreign-based suspects. According to officials, these facilitators are the backbone of cyber fraud. By arresting them, the TGCSB has weakened the entire system used by scam networks.
The Bureau is also working with banks to freeze fraudulent accounts quickly. The process of refunding victims has already begun.
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