Bank Managers Aid Cybercriminals: Hyderabad Police Bust Fake Account Gang

• Cyberabad Cyber Crime Police arrested a gang providing fake bank accounts for illegal financial transactions.
• Two of the four arrested gang members are bank managers, Pamula Pranav Raj and Shankar Ragi, causing a stir.
• The gang created a fake company, 'Star Agro Industries', with forged documents to open current accounts.
• Bank officials collaborated with the accused, opening approximately 30 accounts for cyber fraudsters for commissions.
• Over Rs. 6.67 lakhs from victims were diverted through these accounts; police warn against sharing bank details for commissions.