Andhra Pradesh MLA C Balaraju lost 12 lakh after clicking on a malicious APK file, leading to a police investigation into a potential organised cyber fraud gang.
Congress workers too lodged a complaint with the police that some of their members suffered injuries during the clash.
The students were identified as G Dinesh (22) from Wanaparthy in Telangana and Nikesh (21) from Srikakulam in Andhra Pradesh.
The four TRS MLAs, who were allegedly lured with money to quit the party and join the BJP, complained of receiving threat calls by unidentified persons, police said on Monday.
Cyberabad Police Commissioner Stephen Raveendra told reporters that the TRS legislators provided information to them that the trio were trying to entice them with several offers.
Even as the Union Cabinet on Thursday took up the note on Telangana state for discussion, the Seemandhra leaders fighting to keep the state united, met Andhra Pradesh Chief Minister N Kiran Kumar Reddy to discuss their counter strategy.
Union Minister and Congress leader K Chiranjeevi on Saturday disapproved of his actor-brother Pawan Kalyan, who has launched a new political party, meeting Bharatiya Janata Partu's Prime Ministerial candidate Narendra Modi.