Crypto Trap: 5 Nabbed After Rs 25 Lakh Robbery in Hyderabad
Nampally Police arrest five men for robbing Rs 25 lakh during a fake USDT cryptocurrency deal in Hyderabad. Read the full details of the heist.
In a daring heist disguised as a digital currency trade, the Nampally Police have arrested five individuals for allegedly robbing a victim of Rs 25 lakh. The suspects lured the complainant into a trap by offering a deal to convert Indian currency into USDT cryptocurrency, only to attack them during the transaction.
The Setup: A Fake Crypto Deal
The incident unfolded on October 11 at an office located near the Himalayan Hotel in the Bazarghat area of Nampally. The victim, accompanied by associates, arrived at the venue carrying Rs 25 lakh in cash, believing they were about to finalize a cryptocurrency exchange.
However, the "deal" was a carefully orchestrated ambush. As the transaction was about to take place, the suspects turned violent. One of the accused used pepper spray to incapacitate one of the buyers, while another assailant attacked a second person. In the ensuing chaos, the gang fled the scene with the entire sum of Rs 25 lakh.
The Mastermind and the Gang
Police investigations revealed that the conspiracy was hatched by an absconding suspect identified as Hameed, also known as SD Bhai. Hameed specifically targeted individuals looking to purchase USDT. He allegedly used a mutual female contact to get in touch with the victim and identify buyers who had large sums of cash ready.
The operational side of the crime involved a diverse group of accomplices:
- Syed Ajaz (alias Goli): A driver who introduced Sumair Khan to the mastermind and coordinated the group.
- Syed Zakariya Ahmed (alias Shafez): A water purifier repair worker who posed as an office executive and deployed the pepper spray.
- Sumair Khan: A band worker who managed communication with the buyers through another accomplice.
- Guglavath Vijesh Kumar: A male nurse who assisted in coordinating with the victims.
- MD Faraz Hussain: A car mechanic who allegedly provided the keys to the office where the robbery took place.
Criminal Backgrounds and Aftermath
The police noted that the gang had a history of crime. Both Syed Ajaz and Syed Zakariya Ahmed are recognized rowdy-sheeters with prior records involving murder, attempt to murder, and robbery. Sumair Khan also has previous criminal cases registered against him.
Following the robbery, the group reportedly gathered near the Mir Alam Tank in Chintalmet to count and distribute the stolen loot. During the recent arrests on Saturday, the police managed to recover Rs 11.5 lakh in cash and three mobile phones.
The Manhunt Continues
While five people are in custody, the police are still searching for the mastermind Hameed (SD Bhai) and another accomplice, Mohammed Faisal. Additionally, an unidentified woman who communicated with the victims via phone is being sought as part of the investigation.
A case has been registered under Section 310(2) of the Bharatiya Nyaya Sanhita (BNS) at the Nampally Police Station. Deputy Commissioner of Police (Khairatabad Zone), Shilpavalli, praised the Nampally Police team for their swift action in detecting the case and recovering a significant portion of the stolen money.