India, Oct. 24 -- Police said on Friday that six people, including a private bank manager, have been arrested for opening and providing over 37 mule accounts to cyber scamsters and duping over Rs.7.4 crore.

Police said the accounts allegedly provided were used in 99 cyber fraud cases registered on the national cybercrime portal. A portion of the proceeds was converted into cryptocurrency.

The accounts were opened using forged signatures and KYC documents procured from daily-wage labourers without informing them,

"We found that a private bank in Tri Nagar had at least 20 mule bank accounts. A probe revealed 17 more mule accounts at Saraswati Vihar branch. Police examined one such account and found that the account holder, Rahul, had nei...