Archive · 22 Aug 2025
Punjab Police Busted Inter-State Cybercrime Racket
The Punjab police caught a group of people who were using fake bank accounts to steal money online.
These people would get bank accounts from others, especially those with little money, and then use those accounts to move money they got through cybercrimes.
They sent the stolen money overseas using things like Bitcoin exchanges.
The police arrested four people and found a lot of cash and other things used in the crimes.
The police also warned people not to let others use their bank accounts or SIM cards.
Punjab Police busted an inter-state cybercrime racket.
Four individuals were arrested in connection with the scheme.
The suspects are accused of using 'mule accounts' to launder money from cybercrimes.
Authorities seized over 10 lakh rupees in cash, along with phones, cards, and bank documents.
The group allegedly transferred funds internationally via cryptocurrency exchanges.
- Who
- Punjab police arrested four individuals.
- What
- An inter-state cybercrime racket involving mule accounts was busted.
- When
- Thursday (based on article)
- Where
- Punjab, India
- Why
- The suspects were involved in obtaining and using mule accounts to transfer illicit funds from cybercrimes.
- Nature of Crime
- Cybercrime/Mule account scheme
- Number of arrests
- 4
- Cash recovered
- ₹10.96 lakh
- Items seized
- Mobile phones, debit cards, SIM cards, bank passbooks, cheque book
- Method
- Using mule accounts to launder funds
- Fund transfer method
- Cryptocurrency exchanges like Binance and DCX
