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2h ago

Coordinated Cyber-Fraud Raids Net 12 in Mumbai as Jharkhand Flags 15,000 Mule Accounts

Investigators trace layered bank and SIM networks routing stolen funds into crypto and overseas handlers.

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Mumbai Cyber Fraud

Overview

  • Mumbai Crime Branch arrested 12 suspects linked to Rs 60.82 crore in fraud after an August 12 raid in Kandivali that seized SIM cards and bank passbooks.
  • Police said the Mumbai gang bought 943 bank accounts and used 180 of them for digital-arrest, online shopping and share-trading scams across India.
  • Jharkhand CID, acting on I4C inputs, identified nearly 15,000 mule bank accounts, named 40 high-value layer‑1 accounts in a July 29 FIR and arrested seven coordinators.
  • Hyderabad cybercrime police arrested six in an Rs 1.05 crore investment-fraud case that used more than 50 bank accounts and moved funds via crypto to a China-based suspect named Chen Chen.
  • Punjab’s state cyber wing arrested four in a mule-account racket, recovering Rs 10.96 lakh and dozens of cards and devices, as MHA-led efforts report large-scale SIM and IMEI blocks and urge reporting via 1930 and the NCRP.