Two persons were arrested by the Telangana Cyber Security Bureau (TGCSB) for allegedly supplying mule bank accounts used in a ₹4.70 crore ‘WhatsApp boss’ fraud, in which cyber criminals impersonated a company’s Managing Director to dupe an employee into transferring funds.The accused, identified as Dosapati Krishna Sai, a resident of Sathupally in Khammam district, and Mandavally Shiva Nagaraju, a resident of Kothapet in Hyderabad and originally from Sathupally, were arrested following technical analysis and scrutiny of banking transactions.According to the bureau, the fraudsters created a WhatsApp profile using the Managing Director’s name and photograph and contacted the complainant, posing as the company’s chief. Believing the messages to be genuine, the complainant transferred ₹4.70 crore to bank accounts provided by the fraudsters.Police said the duo procured and supplied current bank accounts to cyber fraudsters in return for commissions. They facilitated the operation of mule accounts and earned around ₹4 lakh, which they shared between themselves.Investigators found that ₹1.80 crore of the defrauded amount had been transferred to a bank account held by Shiva Nagaraju, which police said had been arranged and supplied to the fraudsters by Krishna Sai. Further analysis revealed suspicious credits exceeding ₹2.49 crore in the same account.The account was also found to be linked to multiple cybercrime cases registered in Maharashtra, Rajasthan and Tamil Nadu, indicating its use in a wider network of financial frauds.The two accused were produced before a court and remanded to judicial custody. The TGCSB said efforts are underway to trace the remaining accused and recover the remaining proceeds of the crime. Published - July 08, 2026 07:08 pm IST