India, July 29 -- A cyber fraud complaint involving just Rs 10,000 has led Delhi Police to unravel a nationwide mule account syndicate that allegedly routed cybercrime proceeds to the tune of Rs 70 crore through 248 corporate bank accounts opened using shell firms and fake business entities, an official said on Tuesday. Police said the investigation led to the arrest of six persons, including a bank manager, while four other bank officials and associates were apprehended or bound down for allegedly facilitating the racket. "The syndicate had been supplying fully operational corporate current bank account kits to cyber frauds across India as well as operators based in Dubai and the United Kingdom for the past three to four years," Deputy Commissioner of Police (Central) Rohit Rajbir Singh said in a statement.
The officer said the accounts were used to receive and layer proceeds of cyber frauds before the money was transferred to other accounts, making it difficult for agencies to trace the beneficiaries. The six arrestees have been identified as alleged mastermind Dishant Khanna (36), bank manager Kundan Kumar (35), mule recruiters Mohit Soni (26) and Yogesh Kumar (35), shell firm owner Ranjeet Damion Ekka (41), and syndicate associate Mridul (22). Police busted a cyber fraud account syndicate, arresting key accused and seizing 248 bank account kits. The network allegedly routed over Rs 70 crore through accounts linked to 156 NCRP complaints across 19 states.
Published by HT Digital Content Services with permission from Millennium Post.