Hyderabad: The Hyderabad police arrested three people involved in a series of online investment fraud worth Rs 5.9 crore. The fraudsters duped people from across India .

The accused were identified as Madathala Ramesh Reddy, 25, Gandi Srinu, 31, Gurrapūkonda Sridhar, 43; all natives of Andhra Pradesh.

Police said that Reddy, Srinu and Sridhar provided access to their bank accounts to organised cyber criminals who duped people by offering investment schemes. These investment schemes were circulated via WhatsApp and Facebook .

They opened accounts in different banks and gave access to organised criminals and received a commission on each fraudulent transaction.

Ramesh opened a bank account in City Union Bank under the name of ‘Ramesh Traders’. He earned 15 percent commission from th

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