Overview

• The CBI traced and arrested Neeraj through technical surveillance and local intelligence, then secured his remand from a special court in Mumbai.
• Officials allege Neeraj arranged the opening and operation of an IndusInd Bank mule account for Sudhir Palande and facilitated Palande’s travel from Mumbai to Nagpur to move funds.
• The account received Rs 3.81 crore from multiple cyber-fraud victims on July 2, 2025, with same-day dispersal into more than 100 mule accounts nationwide as the first layer.
• Investigators say further layering pushed money through thousands of accounts, with commissions to Nagpur agents and the mule holder routed in cryptocurrency.
• A preliminary chargesheet is filed, with Palande, middleman Yash Thakur and operator Shaurya Singh in judicial custody as probes continue into unidentified co-conspirators and suspected KYC violations by banking insiders and middlemen.