Aug 29, 05:51 AM

Hyderabad SBI Branch Manager Arrested in Rs 175 Crore Fraud Using Mule Accounts

A significant fraud case involving Rs 175 crore has been uncovered at the State Bank of India's Shamshergunj branch in Hyderabad. The Telangana Cyber Security Bureau has arrested two individuals, including the branch manager, in connection with the fraud. The scheme involved the use of 'mule accounts' to transfer the illicit funds. This case highlights the vulnerabilities in banking security and the need for stringent measures to prevent such incidents.

#State Bank of India #Shamshergunj #Hyderabad #Telangana Cyber Security Bureau

Written with ChatGPT (GPT-4o).

Sources

ET NOW@ETNOWlive
1 year ago
Rs 175 crore fraud in SBI's this branch... - Shocking details https://t.co/ungCL0DXCJ
TIMES NOW@TimesNow
1 year ago
How #SBI Branch Manager In #Hyderabad Used 'Mule Accounts' To Commit Fraud Of Rs 175 Crore https://t.co/c40QNtulyX
IndiaToday@IndiaToday
1 year ago
The #Telangana Cyber Security Bureau arrested two people, including the Shamshergunj branch manager of State Bank of India, in connection with a Rs 175 crore fraud. (@Journo_Abdul ) https://t.co/4V46cSgSxM

Hyderabad SBI Branch Manager Arrested in Rs 175 Crore Fraud Using Mule Accounts

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