India, April 18 -- The Central Bureau of Investigation (CBI) is probing the role of a former branch manager of a private bank in connection with a cyber fraud case wherein proceeds of crime worth Rs.3.74 crore were received in a mule bank account on July 2 last year. The funds were allegedly deposited into the mule account by 10 victims of cyber fraud via 11 transactions and were later transferred to other accounts, CBI officials told Hindustan Times.

On March 26, the CBI's Mumbai unit obtained prior approval required under the Prevention of Corruption Act to probe the role of the bank official under scanner, S Sharma, with respect to the mule account under scanner, CBI officials said.

According to the CBI, alleged fraudsters induced vi...