Two persons have been arrested by the cyber crime wing of the Malkajgiri police in separate cases involving investment and job frauds during a week-long drive conducted between April 5 and April 10, 2026. Authorities said the action was part of an intensified effort to curb rising cyber fraud cases.
Investment Fraud Linked to Multiple Accounts
In the first case, Chamala Balakishan Reddy, a resident of Jaipuri Colony in Nagole, was arrested for allegedly supplying bank accounts to cyber fraudsters on a commission basis. Police said he enabled the transfer of cheated money through multiple accounts, one of which was linked to 21 cases registered on the National Cyber Crime Reporting Portal.
The case relates to an investment fraud in which a victim was added to WhatsApp groups offering stock trading tips and persuaded to invest through a fake platform named “FISD PRO”. After being shown initial profits and allowed a small withdrawal, the victim was induced to invest ₹41.62 lakh. When he attempted to withdraw the amount, he was asked to pay a large commission, exposing the fraud.
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Job Fraud Case Involving Mule Account Holder
In the second case, Arugonda Sai Kiran from Quthbullapur was arrested for acting as a mule account holder in a job fraud. Police said he facilitated the transfer of cheated money to accounts linked to cybercriminals.
According to investigators, the victim was approached through WhatsApp with a promise of a software job in a Pune-based company on October 5, 2024. The accused allegedly collected ₹3 lakh initially and later secured another ₹1.75 lakh in 11 transactions over three months till January 6, 2025 using fake documents and assurances. No job was provided and the accused allegedly became unresponsive while continuing to demand money.
Refunds Processed, Probe Continues
Authorities said refunds amounting to ₹41.58 lakh have been processed for victims through court intervention during the period. Police have advised the public to remain cautious of suspicious links, unsolicited job offers and unknown trading applications, noting a rise in such frauds.
Further investigation is underway to identify additional links and victims connected to the cases.
About the author – Rehan Khan is a law student and legal journalist with a keen interest in cybercrime, digital fraud, and emerging technology laws. He writes on the intersection of law, cybersecurity, and online safety, focusing on developments that impact individuals and institutions in India.
