Kakinada police hunt continues: 2 cybercrime suspects still at large after ₹9 crore fraud

Kakinada police have cracked a major cybercrime racket involving a ₹9 crore fraud, arresting two suspects while two others remain at large.

The arrested individuals, Narni Satish Chandra and Dasari Veera Venkata Satyannarayana from Samalkota, were part of a group that manipulated 48 bank accounts across Karnataka Bank, HDFC, IDBI, and Chaitanya Godavari Grameena Bank.

"The police have busted cybercrime racket and arrested two persons who duped the public to the tune of 9 crore," officials confirmed.

Investigations revealed that illegal transactions were conducted from Bengaluru and Dubai, indicating a cross-regional operation.

"It has been found that the transactions were held from Bengaluru and Dubai," the police stated.

Despite the arrests, two suspects, Uday Kiran and Puttaram, are still evading capture, and the police continue their search.

"Two other accused identified as Uday Kiran and Puttaram are at large and the police are searching for them," authorities said.

This case highlights the growing sophistication of cyber frauds targeting multiple banking institutions and the challenges law enforcement faces in tracking perpetrators across borders.

Kakinada police have arrested two suspects in a ₹9 crore cyber fraud but continue to hunt for two others still at large. The scam involved 48 bank accounts across Karnataka Bank, HDFC, IDBI, and Chaitanya Godavari Grameena Bank, with transactions traced to Bengaluru and Dubai.