Bengaluru Student Trapped in ₹7 Crore Cyber Fraud After Friend Misuses Bank Account

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Student's Bank Account Used in Rs 7 Crore Cyber Fraud, Friend Suspected

Student's Bank Account Used in Rs 7 Crore Cyber Fraud, Friend Suspected

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News18•24-02-2026, 17:20

Student's Bank Account Used in Rs 7 Crore Cyber Fraud, Friend Suspected

•A student in Bengaluru, Mallipeddi Reddy, is embroiled in a Rs 7 crore cyber fraud case.
•Reddy alleges his friend, Ayush, misused his bank account for large-scale fraudulent transactions.
•He had given Ayush his passbook, ATM card, and linked SIM after Ayush claimed his own account was blocked.
•The fraud was uncovered when the bank informed Reddy of Rs 7 crore in suspicious transactions and froze his account.
•Police have registered a case and are searching for Ayush and tracking the fraudulent funds.

Read Full Article on News18 in Hindi

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