Two more persons, including SBI branch manager, held in ₹175 crore online fraud

The Telangana Cyber Security Bureau arrested two more individuals, including a bank manager, on Wednesday in connection with a Rs 175 crore fraud case. The accused, Upadhya Sandeep Sharma, a gym trainer, and Madhu Babu Gali, the manager of the State Bank of India’s Shamsheergunj branch, have been detained for their alleged involvement, bringing the total number of arrests in the case to four. Earlier, two individuals, Mohammed Shoeb Tauqeer and Mahmood Bin Ahmed Bawazir, were arrested on August 24 for their involvement in the scam, as per a report on NDTV.

Telangana Cyber Security Bureau Chief Shikha Goel stated that the SBI branch manager colluded with fraudsters, helping to open current accounts, facilitate fund withdrawals, and divert money in exchange for commissions.

The Bureau’s data analysis team detected numerous complaints against six accounts at the SBI Shamsheergunj branch, reported on the National Cyber Crime Reporting Portal (NCRP), reported IANS. Investigations revealed significant transactions in these accounts totaling approximately Rs 175 crore during March and April 2024, suggesting large-scale cyber fraud linked to the accounts, according to a report on IANS.