Archive · 12 Nov 2025
CBI Arrests Mumbai Bank Manager for Facilitating Cybercrime Mule Accounts
Imagine a bank manager who was supposed to help keep people's money safe.
But instead, he secretly helped bad guys, called cybercriminals, by opening special bank accounts for them.
These accounts are like secret mailboxes for stolen money.
The manager got paid extra money, which is like a bribe, to open these accounts.
The cybercriminals used these accounts to hide money they stole from other people through scams, like tricking people into thinking they were under arrest.
The police, called the CBI, found out about this and arrested the bank manager.
They also arrested the cybercriminals who paid him.
This shows how sometimes people working in banks can help criminals hide their illegal money.
CBI arrested Nitesh Rai, a Bank Manager at a private bank in Mumbai, on November 11, 2025.
Rai is accused of accepting bribes and abusing his position to open 'mule accounts' for cybercriminals.
These accounts were used to move and layer proceeds from various cybercrimes, including 'digital arrest' frauds.
Two cybercriminals, previously arrested by CBI in a digital arrest case, are also named as accused for bribing the manager.
The CBI investigation indicates a broader pattern of organized cybercrime networks exploiting banking systems through mule accounts.
- Who
- Nitesh Rai, a Bank Manager at a private bank (Axis Bank) in Mumbai, and two cybercriminals.
- What
- The CBI arrested the bank manager for allegedly facilitating the opening of 'mule accounts' used by cybercriminals to launder proceeds from various cybercrimes, including digital arrest frauds.
- When
- The arrest occurred on November 11, 2025. The accounts were used in ongoing cybercrimes.
- Where
- Mumbai, India.
- Why
- The bank manager allegedly accepted illegal gratification and abused his official position to create these accounts, which were then used by cybercriminals to move and layer proceeds of cyber fraud.
Bank Manager's Actions
Cybercriminals' Activities
Account Creation
Bank Manager's Actions
Nitesh Rai, a private bank manager, accepted illegal gratification to process account opening forms and create mule accounts.
Cybercriminals' Activities
Two cybercriminals paid bribes to the bank manager to facilitate the opening of these mule accounts, which were used for cybercrimes.
Purpose of Accounts
Bank Manager's Actions
The mule accounts processed by the manager were used to move and layer proceeds from cybercrime.
Cybercriminals' Activities
These accounts were actively used in multiple cybercrimes, including digital arrest frauds, to hide illicit funds.
Collusion and Corruption
Bank Manager's Actions
The manager abused his official position and accepted illegal gratification, showing active involvement in enabling cybercrime.
Cybercriminals' Activities
The cybercriminals engaged in organized crime, exploiting banking systems and bribing bank officials to launder stolen money from citizens.
- Arrested Official
- Nitesh Rai (Bank Manager, Axis Bank)
- Arresting Agency
- Central Bureau of Investigation (CBI)
- Location of Arrest
- Mumbai
- Date of Arrest
- November 11, 2025
- Alleged Offenses
- Prevention of Corruption Act, BNS (Bharatiya Nyaya Sanhita), Bribery
- Nature of Scam
- Facilitating 'mule accounts' for cybercrime proceeds, including 'digital arrest' frauds
- Involved Parties
- Bank Manager, two Cybercriminals
Sources
‘Warrant signed by Nirmala Sitharaman’: Senior citizen duped of Rs 99 lakh life savings in digital arrest fraud
Masquerading As Mumbai Cop, 21-Year-Old Extorted Rs 20 lakh, Arrested
'Rs 58 Crore, Global Links': Police Probe One Of Biggest Digital Arrests
Pune woman duped of ₹99 lakh using forged signature of Nirmala Sitharaman
Rs 58 crore Mumbai ‘digital arrest’ scam traced to China-Indonesia linked network - Telegraph India
