Hyderabad cops arrest 32 bank officials in Rs 150 crore mule accounts case Hyderabad police executed a multi-state operation to arrest 52 individuals, including 32 bank employees, in a cybercrime investigation linked to a Rs 150 crore scam. The operation, spanning nine states—Telangana, Andhra Pradesh, Maharashtra, Delhi, Rajasthan, West Bengal, Karnataka, Gujarat, and Bihar—targeted officials allegedly involved in opening mule accounts for cybercriminals. These accounts were used to siphon money from victims of online fraud. The arrested bank officials worked across 10 financial institutions, including public sector banks, and held roles such as relationship managers, KYC approvers, clerks, probationary officers, and field officers. Six of the 32 officials belonged to the same private bank, while others were middlemen who facilitated the creation of these accounts. The investigation revealed that the officials colluded with a cybercrime network to open accounts without verifying customer credentials, enabling fraudulent transactions. The operation followed leads from a previous interstate crackdown in February, which had identified 350 bank accounts linked to 850 cybercrime cases. During the recent raids, police recovered 26 mobile phones, 14 cheque books, 21 stamps, and two pen drives from the accused. A cybercrime officer stated that the accounts were opened despite knowledge of the companies being non-existent or staged during field inspections. Some officials did this to meet monthly account-opening targets, while others sought financial gain. Hyderabad police commissioner V C Sajjanar emphasized that the crackdown focused on apprehending bank officials who had conspired with cyber fraudsters.#mule_accounts #hyderabad_police #bank_officials #cybercrime_network #hyderabad_police_commissioner_v_c_sajjanar
Security agencies freeze 8,000+ mule accounts in J&K; officials flag funds may be exploited for anti-national activities Jammu and Kashmir security agencies have frozen over 8,000 mule accounts in three years, identifying them as crucial for global scam networks and potential funding of anti-national activities. These accounts facilitate the conversion of stolen money into untraceable cryptocurrency, with authorities urging banks and law enforcement to curb their rise and identify "mulers" who manage them. #mule_accounts #Security_agencies #anti-national_activities #activities_Jammu #Kashmir_security #agencies_freeze #officials_flag #flag_funds #global_scam #scam_networks
