SBI manager, gym trainer held in Rs 175 cr cyber fraud case in Telangana

A State Bank of India (SBI) branch manager and a gym trainer have been arrested in Telangana in connection with a Rs 175 crore cyber fraud.

Madhu Babu Gali, was employed at SBI’s Shamshergunj branch in Hyderabad. According to media reports, Gali allegedly conspired with others to open current bank accounts that were used for the illegal diversion of funds. In return for facilitating these activities, Gali allegedly received substantial commissions.