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Chhattisgarh Police have arrested two men in connection with cyber fraud cases involving over Rs 3.37 crore across 11 states.
How Was the Fraud Network Exposed?
Police in Kanker district initiated an investigation after receiving information about suspicious Bank of Baroda accounts through the Union Home Ministry’s coordination portal and police headquarters. The accounts were allegedly being operated as mule accounts to receive and transfer proceeds of cyber fraud.
Investigators found that 11 cybercrime complaints across different states were linked to the two accounts. The complaints involved financial losses exceeding Rs 3.37 crore, with locations including Bihar, Tamil Nadu, West Bengal, Delhi, Gujarat, Himachal Pradesh, Maharashtra and Telangana. Police said the accounts were used to receive fraudulent funds before transferring them elsewhere.
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Who Were the Arrested Accused?
Police identified the arrested men as 25-year-old Akhileshwar Jain, a resident of Nayapara Uttamar in the Durgukondal police station area, and 26-year-old Satish Udeshi, a resident of Jopara. Both were taken into custody and questioned about their alleged involvement in the transactions.
During interrogation, the accused allegedly disclosed that Parmeshwar Markam, a resident of Parasgaon in Kondagaon, had persuaded them to open bank accounts. Police said the two men had previously worked as salesmen and knew Markam through that association. Markam allegedly arranged the accounts in June 2025 and retained control over their operation.
How Were the Bank Accounts Misused?
According to investigators, Markam allegedly obtained the accounts and kept them under his control. The SIM cards associated with the registered mobile numbers were also allegedly used by him, preventing the account holders from receiving information about incoming transaction alerts.
Police suspect the accounts were used to channel proceeds from cyber fraud committed in different parts of the country. During the investigation, authorities placed a hold on Rs 67,850 deposited in the accounts. The two arrested men were produced before a court and subsequently sent to judicial custody. Markam is already lodged in Kondagaon jail in connection with another fraud case.
What Did Police Say About Banking Lapses?
Kanker Police raised concerns about inadequate verification during the opening of bank accounts. Bhanupratappur police station in-charge Ambar Singh Bhardwaj said private bank managers and employees were given targets for opening new accounts, which could lead to insufficient scrutiny.
Police alleged that fraudsters exploit such lapses by persuading individuals to open accounts that are subsequently used for illegal financial transactions. Investigators said the practice allows fraudulent funds to move through accounts registered in other people’s names, making their examination important in cybercrime investigations.
