Overview

• Mumbai Crime Branch Unit 2 said 12 suspects were held after raids tied to two Kandivali fronts, exposing 943 bank accounts used to move about ₹60.82 crore, with laptops, phones, over 100 SIMs, passbooks and chequebooks seized.
• Police described a middle-layer network that bought or created accounts—often using low-income residents’ identities—then rapidly withdrew funds or routed them into crypto for handlers outside India.
• Hyderabad cybercrime officers arrested six in a fake investment case that cost a Tarnaka woman ₹1.05 crore, tracing more than 50 accounts and USDT transfers allegedly sent to a China-based suspect identified as Chen Chen.
• Punjab’s state cybercrime wing reported four arrests in an inter-state mule-account racket, recovering ₹10.96 lakh and documents and alleging the use of hundreds of accounts to move money abroad via exchanges such as Binance and DCX.
• The Telangana Cyber Security Bureau intercepted an alleged mule-network coordinator at the Indo-Nepal border in a Shamsheergunj SBI case involving high-turnover current accounts, following earlier arrests that included a bank manager.