Jaipur Police have arrested a suspected kingpin of a cybercrime network that allegedly used identity documents belonging to workers in Rajasthan to operate mule bank accounts and transfer money through cryptocurrency and hawala channels linked to Dubai.
Investigators identified transactions worth approximately ₹24 crore over two years, with the accounts allegedly used to collect proceeds from online fraud and illegal betting.
How Was the Alleged Kingpin Arrested?
The accused, Vikas Dhaka, a resident of Basni village in Rajasthan’s Sikar district, was arrested from a flat in Jaipur’s Vaishali Nagar area.
Deputy Commissioner of Police (West) Prashant Kiran said Dhaka had arrived in Jaipur around 20 days earlier to expand the operation by establishing additional mule accounts and merchant payment networks. Police believe the racket had connections across several districts and involved multiple intermediaries.
How Were Workers’ KYC Details Misused?
Investigators alleged that Dhaka and his associates approached workers employed at resorts and restaurants around Jaisalmer and Sikar.
The workers were reportedly offered money in exchange for identity documents and Know Your Customer (KYC) information. These documents were allegedly used to open current and savings accounts with private banks and payment banks.
The network also obtained merchant QR codes through Airtel Payments Bank.
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Police suspect these accounts and payment facilities were subsequently supplied to cybercriminals and illegal online betting operators in return for commissions.
How Was ₹24 Crore Routed Through Cryptocurrency?
According to investigators, the mule accounts served as collection points for money generated through cybercrime and betting activities.
The funds were allegedly converted into USDT, a cryptocurrency linked to the value of the US dollar. Police suspect the money was subsequently routed through cryptocurrency and hawala networks connected to Dubai before being brought back into India as apparently legitimate funds. Investigators identified transactions worth approximately ₹24 crore over two years.
What Did Police Recover?
During the operation, police seized nine mobile phones, eight Fino Payments Bank debit card kits and Google Pay scanner rolls.
Investigators are examining the devices for cryptocurrency wallets, digital keys, Telegram conversations and information about active bank accounts. The examination could help identify additional suspects and trace financial transactions.
Who Else Is Under Investigation?
Police are investigating agents responsible for collecting identity documents, mule account operators, hawala intermediaries and suspected overseas associates. The investigation remains ongoing as authorities attempt to establish the wider network’s operations.
The420 Insight: What Does This Case Reveal?
The case highlights how workers’ personal documents can be exploited to create financial channels for organised cybercrime. Individuals should avoid sharing KYC documents or allowing others to operate bank accounts in their names in exchange for commissions.
