Key Accused in SBI Shamsheergunj Multi-Crore Fraud Arrested

Speedy summary

• Arrest adn Investigation: Vaddevalli Lalitha saran Kumar, a 30-year-old man from Vijayawada, was arrested by the Telangana Cyber Security Bureau (TGCSB) at the Indo-Nepal border for involvement in large-scale cyber fraud using mule bank accounts.
• Location and Seizures: He was intercepted at the Sonauli check post near Gorakhpur while re-entering India from Nepal. Two mobile phones were confiscated during his arrest.
• Case Background: The case originated suo motu in March 2024 after suspicious high-value transactions across six current accounts at the SBI Shamsheergunj branch in Hyderabad raised red flags. Transactions over two months amounted to hundreds of crores linked to online scams and cybercrime networks.
• Details of Firms Involved:

– M/s Quantum Quotiffient Innovations – ₹1.42 crore turnover; 19 crime links
– M/s Pinnacle Pulse enterprises – ₹34.22 lakh; 20 crime links
– M/s CCEHD Innovations Pvt Ltd (largest turnover) – ₹124.25 crore; with a meaningful network of flagged crime links.