New Delhi: Delhi Police has busted a mule bank account network allegedly used to route money linked to cyber frauds and arrested two Jaipur-based men in connection with a ₹1.91 lakh scam. Investigators said around 30 mule accounts were allegedly controlled and supplied to cybercrime syndicates to move stolen funds through layered transactions.
Fraud Trail Leads Police To Jaipur
The case was registered after a Delhi resident reported that ₹95,000 and ₹96,000 were debited from his bank account on consecutive days in April. Following the complaint, an e-FIR was registered and a technical and financial investigation was launched.
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Investigators tracked the stolen money through several intermediary accounts, revealing what appeared to be a structured laundering chain. The digital trail eventually led police to Jaipur, where Rohit Kumar Bairwa and Lokesh Mahawar were arrested.
According to officials, Mahawar allegedly controlled and supplied nearly 30 mule bank accounts used by cybercrime syndicates to route and conceal fraud proceeds. These accounts served as pass-through channels, making it difficult to identify the original source and final destination of the money.
Mule Accounts Used For Layered Laundering
Police said Bairwa admitted during interrogation that he received around 2% commission on money deposited into the accounts. Investigators believe the arrangement points to profit-driven participation in a wider laundering operation.
Officials said the network did not rely only on direct fund transfers. After moving fraud proceeds through multiple accounts, the money was allegedly used for loan repayments, including gold loans, to create the appearance of legitimate financial activity.
Investigators believe this method was designed to integrate illegal funds into the formal banking system while masking their criminal origin. Police are examining banking records, digital communication data and transaction logs to identify more accounts, handlers and beneficiaries linked to the network.
Device Compromise Also Under Probe
The victim told police that the fraud began after his mobile phone started malfunctioning, including sudden screen blackout and overheating. Soon after the device became unresponsive, unauthorized transactions were carried out from his bank account.
Investigators suspect possible device compromise or malware-based intrusion as part of the initial breach, though technical analysis is still underway. Authorities are also examining whether similar mule account patterns have been used in other states.
Police believe the arrested accused may be part of a larger interstate cybercrime network. Officials said more arrests are likely as the financial trail expands and additional linked accounts are identified.
