Hyderabad Police arrest four people in Rs 1.46 cr matrimony-cum-investment fraud

The City Cybercrime Police have arrested four persons for their alleged involvement in a Rs 1.46 crore matrimony site-based investment fraud in which cybercriminals allegedly used fake matrimonial profiles and mule bank accounts to siphon off victims’ money.

The arrested suspects are Ch Sampath of Siddipet, Hechu Naresh, Endla Suresh and V Mahesh, all residents of Secunderabad.

Police said the suspects facilitated the operation by



opening and managing mule bank accounts, withdrawing fraud proceeds and routing the money to Singapore-based cyber fraudsters through ‘hawala’ channels.

According to police, the case was registered after a victim lodged a complaint in February, alleging that fraudsters, posing as a woman on a matrimony platform, gained the victim’s confidence by promising marriage and later persuaded him to invest in a fake online investment platform with assurances of high returns.