Raids by the Counter Intelligence Wing of J&K Police have uncovered a large network of mule accounts used for cyber fraud and terror financing in the Valley, amid heightened online activity by ISI-backed elements and a crackdown on VPN misuse
Hyderabad cybercrime police have warned of a new fraud method where each victim transfers money to a separate bank account, making it harder to freeze funds. Authorities have arrested over 150 people and urged citizens not to share or rent bank accounts.
Drug cartels and cyber fraudsters are increasingly using mule accounts to move illegal money. Telangana and Delhi police recently found 59 such accounts. The CBI has identified 8.5 lakh mule accounts nationwide, with some bank officials and agents helping open them illegally
Cyberabad Police held a meeting with banks to strengthen cybercrime investigation cooperation. Commissioner Avinash Mohanty highlighted rising fraud losses surpassing traditional crimes. Banks were directed to improve KYC checks, freeze handling, and faster victim support.
Keesara Kesava Reddy alias Maha (33) of Bengaluru was arrested and two laptops, 19 debit cards, seven mobile phones, seven SIM cards, 10 bank passbooks and 10 cheques were seized from him.
