Delhi Police busted two interstate cyberfraud rackets supplying mule bank accounts for online scams, arresting nine persons across four cities. The gangs used layered banking channels, social media and cryptocurrency to launder money cheated from victims nationwide
Cyberabad Cybercrime officials have arrested six members of an interstate syndicate accused of supplying mule bank accounts and SIM cards to operators of online trading scams. The gang allegedly facilitated fraud worth over Rs. 1 crore, with forensic analysis linking them to nearly 400 cases across India.
With significant increase in cases of cyber fraudsters using ‘mule bank accounts’, to dupe people, the cyber crime officials are now verifying the complicity of bank officials in important cyber fraud crimes.
