Surat, June 3 (IANS) The Surat City Police have arrested 77 people across several states and registered 58 cyber fraud cases after a three-day operation targeting mule account networks used to move and conceal proceeds from online scams, uncovering fraud transactions worth Rs 23.85 crore and freezing more than Rs 1.04 crore linked to the accounts under investigation. The action was carried out under “Operation Mule Hunt 2.0”, a special drive conducted from May 31 to June 2 under the direct s…
Latest Mule Accounts News & Updates
Gandhinagar, May 23 (IANS) A major coordinated cybercrime investigation in Gujarat has led to the arrest of 13 accused allegedly linked to a cyber fraud network involving transactions worth over Rs 631.86 crore through mule bank accounts, shell companies and multi-state operations, officials said on Saturday.The action was carried out under ‘Operation Mule Hunt 2.0’ by the Cyber Centre of Excellence following directives from senior police officials amid a rise in cybercrime cases across the …
New Delhi, May 20 (IANS) In a massive crackdown against organised cyber crime syndicates, Cyber West Police Station of the West District Police emerged as one of Delhi Police’s most effective cyber crime units during April, successfully dismantling several inter-state fraud networks and bringing 89 cyber offenders to justice. The extensive operations, carried out across multiple states, led to the exposure of a cyber fraud network involving nearly Rs 40 crore, while Rs 51.95 lakh was successfu…
New Delhi, May 12 (IANS) In a significant step to combat incidents of cybercrime and digital fraud, the Indian Cyber Crime Coordination Centre (I4C), under the Ministry of Home Affairs and Reserve Bank Innovation Hub (RBIH), signed a Memorandum of Understanding (MoU) on Tuesday. The MoU seeks to create an integrated system and strengthen collaboration in combating cyber-enabled financial fraud while curtailing mule accounts across the banking and digital payments ecosystem.Union Home Minister Am…
Hyderabad, April 23 (IANS) Hyderabad Police Commissioner V. S. Sajjanar on Thursday asked the banks to focus on preventing cyber frauds by ensuring zero mule accounts.The Hyderabad police chief recommended the introduction of a twin-challenge framework to reorient bank branch priorities away from account-opening targets and towards citizen safety and institutional integrity.He strongly advocated that both these challenges should be embedded as formal Key Performance Indicators (KPIs) at the bran…
Chandigarh, March 20 (IANS) Punjab Police’s State Cyber Crime Division has busted a gang involved in facilitating the opening and supply of bank accounts, commonly known as mule accounts, to cyber fraudsters for routing, layering and settlement of defrauded funds with the arrest of three persons, said Director General of Police (DGP) Gaurav Yadav here on Friday. A mule account is a bank account used by criminals to receive, transfer, or launder illicit funds without the knowledge or sometimes …
Hyderabad, March 10 (IANS) Two bank employees, software engineers, seven students and 15 women among 208 accused were arrested by Telangana State Cyber Security Bureau’s (TGCSB) state-wide operation against mule accounts facilitating pan-India cyber frauds, a senior official said on Tuesday.The ‘Operation Crackdown 1.0’ launched on February 25 resulted in registration of 1549 FIRs, identification of 626 suspects and arrest of 208 accused persons.The arrested include two lecturers and a gov…
Bengaluru, Jan 29 (IANS) The Enforcement Directorate (ED) provisionally attached assets worth Rs 177.3 crore on Thursday under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 in the case relating to illegal online betting and gambling involving Congress MLA K.C. Veerendra and his associates. The ED has also identified Proceeds of Crime (PoC) worth Rs 2,300 crore.According to the official statement by the ED, Bengaluru Zonal Office, “On the basis of material evidence gathere…
New Delhi, Jan 7 (IANS) The raids by the Counter Intelligence Wing (CIK) of the Jammu and Kashmir Police in connection with a cyber terror case have uncovered scores of mule accounts. The raids were conducted at several locations across the Valley. During the raids the CIK found that there were many mule accounts in operation.The operation was aimed at disabling these accounts which were indulging in cyber frauds and also facilitating terror financing.Acting on specific information, the CIK raid…
New Delhi, Dec 24 (IANS) The Central Bureau of Investigation (CBI) on Wednesday said that it has arrested two bank officials involved in opening of mule accounts in conspiracy with organized cyber criminals and these accounts were later used in fund transfer in cyber frauds.The names of the arrested are- Shalini Sinha, Assistant Manager, Canara Bank and Abhishek Kumar, Business Development Associate, Axis Bank.During the course of investigation of a CBI case registered in connection with the mul…