The Cyberabad Police have busted an alleged cyber fraud racket involving transactions worth approximately ₹77 lakh and arrested five accused for their suspected role in facilitating digital financial crimes. Investigators said the accused were allegedly operating a network of mule bank accounts used to receive and transfer funds obtained through cyber frauds reported across multiple states.
According to police, the operation was uncovered during an investigation into suspicious banking transactions linked to cybercrime complaints. Authorities alleged that the accused played a key role in providing and operating bank accounts that were used to channel fraudulent proceeds before the money was withdrawn or transferred further.
Five Arrested in Mule Account Network Probe
Investigators said the arrested individuals were allegedly involved in arranging bank accounts and facilitating financial transactions for cybercriminals. Police suspect the accused were part of a broader network that supplied bank account credentials to fraudsters engaged in online scams.
Authorities stated that preliminary investigations revealed that multiple accounts controlled by the accused were used to receive money from victims before routing the funds through different banking channels to conceal the money trail.
Police are now examining whether the accused had links to larger interstate cybercrime syndicates operating across India.
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₹77 Lakh Fraud Trail Under Investigation
According to investigators, financial transactions worth nearly ₹77 lakh have been traced during the probe. Authorities are analysing banking records, account activity, digital devices, and communication logs recovered during the investigation.
Police suspect that the funds may have originated from various cyber fraud schemes, including investment frauds, impersonation scams, and online financial deception cases. Officials are attempting to identify additional beneficiaries and account holders connected to the racket.
The investigation is also focused on determining how the accused allegedly acquired and managed multiple bank accounts used in the operation.
Mule Accounts Remain Key Tool for Cybercriminals
Cyberabad Police highlighted the growing misuse of mule bank accounts in cybercrime operations. Investigators said fraudsters frequently recruit individuals to open or rent bank accounts in exchange for commissions, allowing criminal proceeds to be moved quickly and making detection more difficult.
Authorities warned that people who provide their bank accounts, ATM cards, or digital payment credentials to others can face legal consequences if those accounts are used for cybercrime activities.
Officials said mule account networks have become a critical component of organised cyber fraud ecosystems operating across the country.
Police Urge Public to Remain Vigilant
The Cyberabad Police advised citizens to safeguard their banking credentials and avoid sharing account access, ATM cards, OTPs, or internet banking details with unknown individuals. Authorities also urged people not to rent out bank accounts or participate in suspicious financial transactions promising quick commissions.
Investigators encouraged victims of cyber fraud to immediately report incidents through the national cybercrime helpline and official reporting platforms, noting that timely reporting can improve the chances of freezing fraudulent transactions and tracing stolen funds.
