"mule-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.

Duo had been conspiring with other suspects and duping people by luring them with promises of huge profits from investments in fake stocks

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.