ED seizes ₹6.40 lakh cash in Hyderabad cyber fraud case

It matters to citizens as it details the seizure of assets and evidence related to a significant financial fraud involving alleged investment scams and money laundering.

Who it concerns: The document concerns Allamraju Satyanarayana Murthy, the complainant Nimesh, the Directorate of Enforcement (ED), the Cyber Police Station in Ernakulam, and entities including M/s. BTR Industries, M/s. Velugu Trading Company, Aasritha Mega Solutions Pvt Ltd., M/s Aasritha Infra Projects, and Aasritha Infra Projects Pvt Ltd.

What the ED says it did

• ED conducted searches at 3 premises in Hyderabad on 28-10-2026 under PMLA, 2002.
• The case is linked to a cyber fraud FIR registered by the Cyber Police Station, Ernakulam, where complainant Nimesh alleged he was induced to invest via the website www.capitalix.com.
• The complainant transferred an aggregate sum of Rs. 24,76,21,042/- to accounts controlled by the accused.
• Investigation revealed the complainant was cheated of Rs. 26,02,89,261.57 between 23.05.2023 and 27.05.2024.
• Funds were transferred to mule accounts and layered through entities floated by the accused in the names of family members and employees.
• A Villa Project in Hyderabad was launched under the names of Aasritha Infra Projects and Aasritha Infra Projects Pvt Ltd.
• During the search, incriminating documents and digital evidence were seized.
• Cash of Rs. 6.40 lakhs was seized.
• 11 bank accounts with a balance of Rs. 14 lakh connected to the accused were frozen.
• Immovable properties (plots and a villa) valued at approximately Rs. 5 crore were identified.

Also in the document

• The ED investigation was initiated based on an FIR registered by the Cyber Police Station, Ernakulam.
• The accused allegedly used telephonic communications and Telegram chat messages to induce the investment.
• The accused failed to return either the assured profits or the principal sum received.
• Further investigation is stated to be under progress.