Union Home Minister Amit Shah announced that I4C and Reserve Bank Innovation Hub signed an MoU to combat cyber fraud and detect mule accounts using artificial intelligence. The collaboration aims to strengthen fraud detection systems and improve security across the banking ecosystem
Adilabad police booked 15 persons for allegedly operating 74 mule accounts linked to cyber crime complaints, uncovering fraudulent transactions worth Rs 7.01 crore during Operation Crackdown 1.0 and warning the public against misuse of bank accounts
Hyderabad Police Commissioner VC Sajjanar urged banks to adopt strict measures to prevent mule accounts and cyber fraud. He proposed a twin-challenge framework, stronger KYC norms, and accountability mechanisms to improve customer safety and institutional integrity
The CBI has arrested three individuals, including a former bank assistant manager, in connection with a Rs 1.60 crore cyber fraud case. The scam involved threatening a senior citizen with a fake digital arrest and coercing them into transferring money.
Malkajgiri Cybercrime officials in Hyderabad cracked two major fraud cases in the past week, arresting three suspects linked to investment and part-time job scams. In one case, a Karimnagar man was arrested for allowing his bank account to be used in siphoning off Rs 16 lakh from a victim through a fake investment scheme.
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.
