Hyderabad, Feb. 27 -- Four individuals were arrested by the Cyberabad Cybercrime police on Thursday, February 26, for facilitating cyber fraud transactions by opening and operating mule bank accounts on fake business establishments.

Two individuals, Jawwad Qadri Rifai, 28, and Mohammed Naushad, 26, were held for providing mule accounts whereas Pamula Pranavaraj, 46, and Shankar Rathi, 51, employees at Jubilee Hills Mercantile Co-operative Urban Bank Ltd, were held for facilitating the opening and handing over operational control of the account to the fraud syndicate.

According to the police, Jawwad and Naushad, looking to earn easy money, conspired with one Mohd Anas Khan and other associates to provide bank accounts for cyber fraud ope...