NEW DELHI: Delhi Police has busted a cyber fraud facilitation network involving mule bank accounts and shell companies, arresting two alleged dummy directors after investigators detected fund movement of more than Rs 16 crore within eight days. The accused have been identified as Sonu Kumar and Aminder Singh, who were allegedly acting as dummy directors of a private limited firm found to be at the centre of the laundering network.
Mule Account Linked to 336 Cyber Fraud Complaints
The case was registered after suspicious mule accounts were analysed through complaints flagged on the National Cyber Crime Reporting Portal and inputs received through the Indian Cyber Crime Coordination Centre’s Samanvaya portal.
During the investigation, a bank account linked to the company at a Bawana branch came under scrutiny. Police found that the account was connected to 336 cyber fraud complaints across several states, indicating its suspected use in a wider fraud-linked financial network.
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Over Rs 16 Crore Routed in Eight Days
The account showed abnormal activity and was allegedly used at different layers of the money trail. A detailed financial analysis revealed that more than Rs 16 crore had been routed through the account within eight days.
Police said the pattern of transactions pointed to large-scale laundering through multiple layers, with funds moving across accounts in a manner intended to obscure the trail.
Links to More Than 35 Suspected Shell Companies
The probe also uncovered links to more than 35 suspected shell companies and a wider multi-layered network handling funds across several accounts and banks.
A senior police officer said vulnerable people were allegedly lured with job offers or commissions and made dummy directors, while control of the bank accounts remained with handlers operating remotely, including from outside Delhi.
The accounts were allegedly used to receive cheated money, layer transactions and transfer funds to conceal the financial trail. Further investigation is underway to identify and apprehend other members of the network, police said.
