NOB-Hyderabad news: Cyber Crime Police, Hyderabad dismantled a major online betting fraud network involving transactions of over Rs.26 crore. The case emerged after a 24-year-old woman from Hyderabad lost around Rs.30 lakh after being lured through a fake Instagram advertisement into a fraudulent gaming platform, where initial small withdrawals built trust before she was pushed into making large UPI deposits, ultimately leading to heavy losses and frozen bank accounts. The fraud was masterminded by accused Rajesh Venkata Raman (A-1), who managed payment gateways, with support from Bhamidipati Abhishek (A-2) and Augustene Williams (A-3) handling operations. Manmeet Sharma @ Sonya (A-4) facilitated the use of fake KYC documents to open mule accounts. The accused operated fake payment gateways like CloseX Pay, Trustly Pay, and Accult Pay, routing funds through multiple accounts using forged documents and shell companies while earning commissions at each stage. Two accused, Andy @ Shaheer and Rushabh Jasvantrai Gandhi, are absconding. Police seized electronic devices, cheque books, fake stamps, and cash. Authorities warned the public to avoid online betting platforms, as they are illegal and designed to cause financial loss.