In a major breakthrough, cybercrime police in Hyderabad have busted a large online fraud network that allegedly processed over ₹26 crore through illegal gaming and betting platforms. The operation came to light after a young woman reported losing nearly ₹30 lakh in a sophisticated online scam.
According to officials, the victim was lured through an Instagram advertisement that promised easy earnings via an online gaming platform. Initially, she received small returns, which built trust and encouraged her to invest larger amounts. Over time, she transferred significant sums through multiple bank transactions before realizing she had been defrauded.
Police investigations revealed a well-organized network involving multiple accused from different states. The group used fake companies, payment gateways, and mule bank accounts to move money and avoid detection. Authorities have arrested four individuals so far and seized electronic devices, bank documents, and cash during the operation.
Officials explained that the fraudsters followed a common pattern—offering early rewards to gain trust before blocking withdrawals and disappearing with the funds. The case highlights the growing threat of cybercrime and the increasing sophistication of online scams.
Police have urged citizens to be cautious while engaging with online advertisements, especially those promising guaranteed returns. They also reminded the public that such betting and gaming platforms are illegal under state laws.
The investigation is ongoing, with efforts underway to track down additional suspects and recover the stolen money.
News as reported
