The two arrested accused were identified as Mohammad Furkan Ansari (24) and Subhash Baramwal (35), both from Jharkhand. Bhagirath Mandal, another accused, was still at large, police said.
ADCP (crime) S Varada Raju said that on January 5, V Veera Raju, who is in steel and cement business, approached the cyber crime investigation cell claiming that a man posing as an employee of SBI had called him on the previous day.
He talked Veera Raju into giving his ATM card details.
A police team led by inspector K Satyanarayana Rao zeroed in on Mandal, his friend Ansari and Subhash Baramwal who offers mobile phone and DTH recharges.
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