₹68 Lakh Cyber Fraud: Two Bank Employees Caught in Delhi, Linked to Hyderabad Case

A major cyber fraud case involving the cheating of a 74-year-old retired doctor in Hyderabad has exposed the growing reach of inter-state cybercrime networks , with investigators probing the role of bank insiders and organised financial channels. The victim, A Sucharitha , lost ₹68.39 lakh after falling prey to a fraudulent investment scam promoted through a fake Facebook video impersonating the Union Finance Minister , highlighting how social media platforms are increasingly being used to target vulnerable individuals.

According to the complaint, the victim initially invested ₹22,000 , lured by promises of high returns, before being manipulated by a fake scheme manager into making repeated deposits under pressure. The funds were transferred into multiple bank accounts in a carefully executed financial fraud pattern , preventing easy tracking. The scam unravelled only when she was unable to withdraw her money, prompting her to approach the Hyderabad Cyber Crimes Police Station , which registered a case under charges of impersonation, cheating, forgery, and violations of the IT Act.

In a significant development, a Delhi court granted transit remand of the accused, Vaibhav Pal and Vinod Ram , both bank employees arrested from Defence Colony , noting the serious nature of the offence and the need for custodial interrogation. The court directed that they be produced before the Nampally court in Hyderabad after medical examination, as Telangana Police began transferring them for further investigation.

Officials believe the case reflects a wider organised cybercrime ecosystem , involving mule accounts , layered transactions, and coordinated operations across states to evade detection. The targeting of elderly victims has emerged as a major concern, as fraudsters exploit trust, urgency, and lack of digital awareness. Investigators are now working to trace the money trail , identify additional suspects, and uncover possible links to larger fraud networks , as part of an expanding crackdown on cybercrime.