mule accounts

In a significant crackdown on cyber crime, Begusarai police have detained Sunil Kumar, implicated in a vast online scam. His bank account was dubbed a 'mule account', enabling fraudulent transactions exceeding Rs 15.25 crore throughout the country. Sunil admitted to accepting Rs 3.75 lakh for sharing his account information with cybercriminals, resulting in the filing of 205 complaints.

Fraud Came To Light On April 24 When Karnataka Cyber Command Unit Was Alerted By Bank About Suspicious Transaction Attempts

Fraud Proceeds Allegedly Laundered Through Shell Entities, Say Investigators

Hyderabad police, in a massive crackdown across 13 states, have apprehended 66 individuals supplying ghost SIM cards to cybercriminals. Operation Octopus has successfully targeted the illegal issuance of these SIMs, which were instrumental in 76 fraud cases, resulting in a staggering Rs 101 crore loss.

Terminated Bank Manager Among Those Held

Gonda cyber cell is intensifying its probe into an interstate cyber fraud racket, tracing more complainants and coordinating with police units across multiple states. The investigation follows the arrest of nine individuals involved in operating mule bank accounts used for online scams worth crores, with authorities freezing over Rs 14.87 crore in suspicious transactions.

CM urges AI tools, coordination to stop cyber frauds