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 …
Latest Mule Accounts News & Updates
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…