According to police, the MP, who was in a meeting, received a text message on his mobile phone that his bank account had been blocked as he did not add his PAN number in the account.
Inquiries revealed that the number used by the imposter is in the name of Mahendra Prajapati and the same user also has alternate numbers and all numbers are in Gujarat Circle.
A case has been registered at Jubilee Hills police station on a complaint from an HMDA employee who received a message from the imposter.
Capt Waldia was cheated of Rs 28,600 by the cyber frauds on February 21 this year.
According to police, S Farook of Kuniyamuthur, who sells automobile spare parts, was friends with the woman, who introduced herself as Sunshine from the UK, and exchanged mobile numbers.
The accused have been identified as Pratapaneni Rajesh Kumar, 35, of Kakinda.The police said the accused is addicted to several vices like horse racing, gambling.
Mondal reportedly floated 14 shell companies to collect money under the pretext of investments and later, bought cryptocurrency with that amount.