The Telangana Cyber Security Bureau arrested two individuals in Hyderabad for their involvement in a Rs 175 crore cyber fraud scam. The fraudsters opened six bank accounts in a local bank and conducted transactions totaling the large sum between March and April 2024. The main perpetrator, based in Dubai, and his associates lured people into opening bank accounts for use in cyber crimes and hawala operations. Public caution was advised against engaging in such activities.
