Mysuru district cybercrime police have busted an alleged all-India cyberfraud network after arresting two men from Maharashtra in a case linked to 56 mule bank accounts, suspected cheating of 196 people and an estimated loss of Rs 189.5 crore across several states.
The arrests were made while investigating a complaint registered at the Mysuru district cybercrime police station. Police said a hunt is underway for another accused, identified as Amit Singh from Punjab, who is absconding.
Mule Accounts Used Across States
Superintendent of Police Mallikarjuna Baladandi said the arrested accused were managing 56 mule bank accounts allegedly used in various cybercrime cases reported across India. The bank accounts have been frozen.
Investigators estimate that around Rs 189 crore was swindled from victims through multiple fraud models, including investment scams, job fraud, forex-related fraud and other online cheating methods. Police said about 196 cyber complaints have been filed against the accused across various states, including 12 in Karnataka.
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Gold Trader’s Complaint Led To Probe
The case began after Jitendra Kumar Khandelwal, a gold trader from KR Nagar, filed a complaint on January 27. He alleged that unknown persons contacted him through WhatsApp and convinced him to pay Rs 13.7 lakh for 100 grams of gold at a reduced rate of Rs 600 per gram, but later cheated him without delivering the gold.
During the investigation, police found that Amit Singh from Punjab, Yatin Ramesh Jain and Mohammad Shadab Anjum, both from Maharashtra, were allegedly involved in the case. Acting on a clue, a cybercrime police team involving DSP R Srikanth and inspector Sunil SP arrested Yatin and Anjum from their residences in Maharashtra.
Accounts Opened Using Labourers’ Identity Records
Police said the accused had allegedly opened 56 bank accounts using identity records of labourers in Maharashtra to receive proceeds of crime from victims’ bank accounts.
The Superintendent of Police said an investigation has been launched to find out how the three accused teamed up and to identify others involved in the cybercrimes. So far, no money has been recovered, but the bank accounts have been blocked to facilitate investigation.
