•Hyderabad Police's Cybercrime unit arrested four individuals for an alleged Rs 1.5 crore online betting fraud.
•Accused Mohammed Syeed Uddin, Mohd Tajuddin, Mohd Younis, and MD Ayub used SIM cards registered to others for fraudulent betting platforms like "BETINEXCHANGE."
•They lured victims with promises of high profits, initially providing small returns to build trust before encouraging large deposits.
•A victim deposited Rs 1.5 crore between 2025 and January 2026, initially receiving Rs 20 lakh profit but ultimately losing the entire amount.
•Police seized 5 mobile phones; investigation is ongoing to trace money, freeze accounts, and apprehend others.
