• A fraud case worth ₹175 crore has been uncovered at a State Bank of India (SBI) branch in Hyderabad, involving the branch manager and associates facilitating fraudulent activities.
• The scam involved opening current accounts, aiding in fund withdrawals, and diverting money for commissions.
• The main fraudster, operating from Dubai, lured poor individuals into opening bank accounts for cybercrimes and hawala operations.
• The public is cautioned against opening bank accounts for others or engaging in suspicious transactions, and to report any such activities to the authorities.