Rajasthan Police’s Central Cyber Crime Police Station has arrested another accused in a ₹6.80 crore cyber fraud case, taking the number of arrests to eight.
The accused, identified as Tagaram, a resident of Barmer, allegedly provided his bank account to transfer proceeds of cyber fraud in exchange for a commission.
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How Was the Bank Account Allegedly Used?
ADG Cyber Crime Vijay Kumar Singh said Tagaram was arrested in Barmer and brought to Jaipur after his alleged role emerged during the investigation.
Police found that the fraud network allegedly used mule bank accounts, ATMs, cheques, UPI, QR codes, digital wallets and USDT cryptocurrency to receive, conceal and transfer proceeds of cyber fraud at different stages.
The case highlights the role of mule accounts in moving fraud proceeds. Such accounts can provide another layer between the original cyber fraud and those ultimately controlling the money.
How Did the Network Move Fraud Proceeds?
The gang allegedly provided kits containing fake or mule bank accounts, ATM cards, SIM cards and passbooks through Telegram groups. Once fraud proceeds reached these accounts, cash was withdrawn through ATMs and cheques.
Money was also transferred through UPI, QR codes, CDMs and other bank accounts. The use of several accounts and payment channels allegedly allowed the proceeds to be moved through multiple stages.
This movement of money between accounts is significant because investigators then have to trace transactions across several financial channels rather than examining only a single receiving account.
Why Was Cryptocurrency Used?
Police said the fraud proceeds were continuously transferred between different bank accounts to layer the money. After that, the funds were converted into USDT or other cryptocurrencies and sent onward.
Crypto platforms including Binance and QR codes available on Telegram were allegedly used for this purpose.
The investigation indicates how conventional bank accounts and cryptocurrency can be used together in a cyber fraud network. Money may first enter the banking system, pass through several accounts and then be converted into cryptocurrency before being transferred further.
How Did Police Trace the Accused?
Bank records and technical evidence allegedly revealed Tagaram’s role during the investigation.
Police said he had provided his bank account to Harendra alias Honey. On August 24, 2026, ₹2.50 lakh was credited to the account.
Tagaram later went to the bank with Harendra and allegedly attempted to withdraw the money. The account had been frozen, preventing the withdrawal.
The episode shows why tracing bank records can be important in identifying people whose accounts are allegedly being used to receive cyber fraud proceeds.
How Are Investigators Following the Money Trail?
Police are conducting a technical analysis of the accused persons’ WhatsApp records, call detail records, CAF IDs, IPDRs and banking transactions.
Investigators are examining the money trail to determine which accounts received fraudulently obtained money and who was connected to the network.
The investigation has therefore extended beyond the initial bank transfers to communications and technical records that could help establish how different participants were allegedly connected.
Why Are Mule Bank Accounts a Serious Cyber Fraud Risk?
A mule account can become an important part of a fraud operation even when the account holder is not the person directly carrying out the original scam. In this case, police allege that Tagaram provided his account in return for a commission.
The investigation also points to a wider system involving bank accounts, ATM cards, SIM cards, passbooks, digital payments and cryptocurrency. Moving proceeds through multiple accounts can help create layers between fraudulently obtained money and the people controlling it.
The arrest is the eighth made in the ₹6.80 crore case, indicating that investigators are examining a wider network rather than treating the bank account as an isolated transaction.
How Can People Avoid Becoming Part of a Mule Account Network?
People should not hand over control of their bank accounts, ATM cards, SIM cards, passbooks or payment facilities to another person in return for a commission. In this case, police allege that a bank account provided for commission was used to receive cyber fraud proceeds.
Offers to earn money simply by allowing someone else to receive or transfer funds through a personal bank account should therefore be treated with extreme caution. People should also avoid allowing others to use their banking facilities for transactions they do not understand or control. The ₹2.50 lakh transaction identified during this investigation shows how a personal bank account can become part of a much larger cyber fraud money trail.
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