Fri Aug 01 13:56:56 UTC 2025: Here’s a news article summarizing and rewriting the provided text:
**Hyderabad Police Bust Online Fraud Rings, Arrest Two Key Suspects**
**Hyderabad, August 1, 2025** – The Hyderabad cybercrime wing has apprehended two individuals allegedly involved in large-scale online fraud operations that defrauded victims of crores of rupees. The arrests follow extensive investigations into separate scams targeting individuals across the city.
In the first case, Paras Singla, 29, of Delhi, was arrested for his role in a fraudulent import-export scheme. Singla, along with accomplices still at large, allegedly posed as representatives of a fictitious Hong Kong-based company, “Aces Trading,” and lured a victim into transferring ₹1.11 crore for a bogus spirulina powder trade deal. Police report that the fraudsters fabricated various processing fees and legal charges, assuring the victim of a refund upon completion of the transaction, which never materialized.
In a separate operation, Chikkala Santosh Kumar, 31, of Hyderabad, was arrested for allegedly defrauding an individual of ₹7.27 lakh through a fake stock trading platform. Kumar, aided by an accomplice who introduced herself as “Neha” via WhatsApp, convinced the victim to invest on the “catalystmarketsfx.com” platform. Initially showing false profits, the victim was pressured to pay escalating taxes and exchange fees, ultimately realizing he had been scammed.
Further investigation revealed a darker side to Kumar’s involvement. He is accused of actively procuring bank accounts and online credentials for cybercriminals operating from Cambodia. He allegedly trafficked individuals from his village, promising overseas job opportunities but instead forcing them into cybercrime operations akin to digital bonded labor, supervised by a Chinese national identified as Toto.
Authorities had previously arrested four other individuals in connection with the latter case, including a student, auto driver, delivery boy, and private employee, all accused of playing supporting roles. Kumar is wanted in six additional cases across Telangana, Haryana, Punjab, Maharashtra, Odisha, and Tamil Nadu.
Police seized a significant amount of evidence during the arrests, including dozens of mobile phones, SIM cards, debit cards, passbooks, laptops, and even a fake press ID. The investigation is ongoing, with authorities working to identify and apprehend remaining individuals involved in both fraud rings.
**Cybercrime / Fraud / Hyderabad / Telangana**
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