Telangana Cybercrime officials have arrested two individuals involved in a massive ₹175 crore fraud. The accused, identified as Mohammed Shoeb Tauqeer (34) from Vijaynagar Colony and Mahmood Bin Ahmed Bawazir (43) from Moghalpura, were apprehended following a detailed investigation by the Telangana Cyber Security Bureau (TGCSB), as stated by Shikha Goel, Director of TGCSB. The case, registered under Crime No.
28 of 2024, includes charges under Section 66D of the IT Act and Sections 318(4), 319(2), and 338 of the BNS Act. The investigation was initiated after the Cyber Security Bureau's data analysis team flagged numerous complaints reported on the National Cybercrime Reporting Portal (NCRP) against six bank accounts in the State Bank of India (SBI) Shamsheergunj branch. "Large sums of money were transacted through these accounts over a short period, specifically between March and April of this year, raising suspicions of significant cyber fraud," said Shikha Goel.
The investigation linked approximately 600 complaints to these accounts. The primary suspect, operating from Dubai, along with five associates, allegedly coerced vulnerable individuals into opening bank accounts, which were then used for cyber crimes and hawala operations. Shoeb played a pivotal role in this scheme, handling the documentation and account openings.
After securing the bank accounts, the suspects obtained the account holders' signatures on cheques, which were retained by one of the associates. A port.