Kochi City Cyber Police have arrested Allamraju Satyanarayana Murthy, 36, and Banka Tyson Raju, 34, from Hyderabad in a ₹25 crore online trading fraud that targeted a Kerala-based pharmaceuticals businessman. The duo allegedly handled approximately ₹16 crore of the defrauded amount and were apprehended following a coordinated operation backed by court-issued warrants.

The fraud was conducted through a website claiming to be based in Cyprus, which lured investors with promises of high returns on online trading. The Kochi City Police said multiple cases have been registered across Indian states against the platform, indicating a widespread scam operation.

Investigators traced the suspects' movements and financial trail to Hyderabad, where they were found living lavishly. Murthy, a former IT professional, owns an IT firm and a construction company, authorities said, adding that his rapid business growth is under scrutiny for links to illicit funding.

Five individuals were previously arrested in the case. The investigation is ongoing, with police examining digital records and financial flows to identify additional suspects and recover the defrauded amounts.