The Cyber Police in Bihar’s Kaimur district have arrested a man for allegedly operating a mule bank account that routed illicit transactions totaling roughly ₹1.40 crore on behalf of an interstate cybercrime syndicate. The accused, identified as Punit Tiwari from Kudasan village under Bhabua police station limits, was taken into custody following the registration of a first information report on March 15, 2026. The case has been registered under provisions of the Bharatiya Nyaya Sanhita and the Information Technology Act, as authorities work to uncover the broader financial apparatus run by the network.
Mule Account Operated in Enterprise Name
Investigators uncovered that a commercial current account was opened with Axis Bank under the trade title Shyam Enterprises. Between April 22, 2025, and March 11, 2026, the account handled total deposits of around ₹1.40 crore, while approximately ₹1.35 crore was subsequently drawn out across numerous individual transactions.
Police stated that Tiwari organized the opening of the account and took personal possession of the associated cheque book, passbook, linked mobile SIM card, and identification paperwork. He subsequently supplied the credential details to members of the cyber fraud ring. Authorities noted that such accounts function as intermediaries to receive illicit proceeds from victims and move the money across diverse channels to deliberately obfuscate the financial trail.
Interstate Fraud Connections Across Six States
Scrutiny of the account ledger connected the financial flows directly to eight distinct cyber fraud cases reported nationwide, four of which were identified as digital arrest scams. Law enforcement officials traced funds arriving into the account from victims residing in Jharkhand, Chandigarh, Maharashtra, Tamil Nadu, Rajasthan, and Uttarakhand. Investigators are tracking the individual transaction paths to tie defrauded complainants to the operational account and establish the chain of beneficiaries.
Evidence indicates the account was not dedicated to an isolated scam but served as an active financial pipeline for illicit syndicates operating across multiple states. Authorities are pursuing transaction records to establish whether additional accomplices directly orchestrated the withdrawals or coordinated the outbound routing.
Digital Evidence and Bank Surveillance Footage
During the course of the investigation, police acquired security camera footage capturing Tiwari visiting an Axis Bank branch alongside the nominal account holder to reactivate banking operations. Additional findings suggest Tiwari assisted in setting up similar current accounts across other banking institutions using varying corporate identities, all of which are now undergoing forensic scrutiny.
Technical analysis of Tiwari’s confiscated smartphone revealed an email address that matches an electronic address flagged in a separate cyber fraud matter. Kaimur Cyber Police continue to evaluate mobile extraction files, email trails, surveillance records, and financial statements to determine whether Tiwari’s activities were confined to sourcing mule accounts or if he played a direct role in carrying out the fraud operations.
