1 week ago
Mumbai Police Bust Mule Account Racket Routing Rs 125 Crore
Mumbai Police say they have broken up a group that supplied bank accounts for online scams.
The accounts were allegedly used for fraud linked to online gaming, cricket betting, and online casinos.
Police identified 110 accounts connected to the operation.
About Rs 125 crore reportedly moved through 17 of those accounts in one or two months.
Those 17 accounts were linked to 38 cybercrime complaints.
The complaints came from several states and territories.
Investigators say the suspects offered vulnerable people small payments for opening accounts.
They then took the passbooks, cards, cheque books, and SIM cards to control the accounts.
Three people have been arrested, while police are looking for five other suspects.
Mumbai Police arrested three Madhya Pradesh men over an interstate mule bank account racket.
Police identified 110 bank accounts allegedly supplied for cyber fraud.
More than Rs 125 crore was routed through 17 accounts within one to two months.
The 17 accounts were linked to 38 cybercrime complaints across 11 states and territories.
The accused allegedly recruited financially vulnerable people and took control of their banking materials and SIM cards.
- Who
- Mumbai Police arrested Nikhil Kamalkumar Jaiswani, Rahul Shyamlal Paraswani, and Jay Bihari Lal Tiryani; five other suspects have been identified.
- What
- Police busted an interstate racket allegedly supplying mule bank accounts for cyber fraud.
- Where
- The operation was investigated by the Dongri Police cyber cell in Mumbai, with linked complaints across Maharashtra, Karnataka, Telangana, Delhi, Madhya Pradesh, Uttar Pradesh, Kerala, Tamil Nadu, Gujarat, Jammu and Kashmir, and West Bengal.
- When
- More than Rs 125 crore was routed through 17 accounts over one to two months.
- Why
- The accounts were allegedly used to channel money generated through cyber fraud conducted under the guise of online gaming, cricket betting, and online casinos.
Key facts
- Accounts identified
- 110 mule bank accounts
- Accounts linked to complaints
- 17 accounts
- Money routed
- More than Rs 125 crore
- Time period
- One to two months
- Cybercrime complaints linked
- 38 complaints or offences
- Arrests
- Three people arrested
- Additional suspects
- Five suspects identified and being traced
Sources
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