Cyber Crime Exposed: Police Bust Gang of Bank Managers Committing Atrocities

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Bank Managers Aid Cybercriminals: Hyderabad Police Bust Fake Account Gang

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News18•28-02-2026, 05:38

Bank Managers Aid Cybercriminals: Hyderabad Police Bust Fake Account Gang

•Cyberabad Cyber Crime Police arrested a gang providing fake bank accounts for illegal financial transactions.
•Two of the four arrested gang members are bank managers, Pamula Pranav Raj and Shankar Ragi, causing a stir.
•The gang created a fake company, 'Star Agro Industries', with forged documents to open current accounts.
•Bank officials collaborated with the accused, opening approximately 30 accounts for cyber fraudsters for commissions.
•Over Rs. 6.67 lakhs from victims were diverted through these accounts; police warn against sharing bank details for commissions.

Read Full Article on News18 in Telugu

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