PNS|Hyderabad
In a breakthrough against online financial fraud, the Hyderabad City Cyber Crime Police have arrested Deepak Kumar, a Relationship Sales Manager at ICICI Bank, Greater Noida, for his alleged involvement in a large-scale cyber trading scam. The accused was apprehended in connection with Cr. No. 923/2024, following a complaint from a victim based in Secunderabad who was defrauded of over Rs. 1.22 crore.
According to police, the complainant was lured into a fake investment scheme through a Telegram ID offering trading tips. The victim was directed to fraudulent trading applications that falsely projected high returns. Believing the scam, he transferred Rs 1,22,87,120 in multiple transactions. When he later attempted to withdraw profits, the fraudsters made excuses and demanded additional deposits, eventually cutting off all communication and threatening to block his user ID.
Cyber Crime officials uncovered that Deepak Kumar supplied multiple bank accounts to cybercriminals through Telegram in return for commissions. Working as a Relationship Manager at ICICI’s Omega-I Branch in Greater Noida, Kumar allegedly facilitated fraudulent transactions worth over Rs 6 crore across 23 cases nationwide, as flagged by NCRP data.
Two mobile phones were seized from the accused during the arrest. The operation was led by Inspector K Prasada Rao, supported by SI PVS Abhishek, HC PV Srinivas and a team of constables under the supervision of ACP RG Siva Maruthi.
The Cyber Crime police have warned the public to remain vigilant against fake trading platforms and social media groups offering investment opportunities. Officials advised citizens to invest only through SEBI-approved platforms and consult SEBI-registered financial advisors.
