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Operation Chakra-V Uncovers 8.5 Lakh Mule Accounts, Nine Arrested

Alleging collusion by bank officials, the CBI is extending its inquiry to map the full scope of the mule account network

CBI said it has identified over eight lakh mule bank accounts.​
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Overview

  • On June 25, the CBI conducted coordinated searches at 42 locations across Rajasthan, Delhi, Haryana, Uttarakhand and Uttar Pradesh under Operation Chakra-V.
  • Investigators identified about 8.5 lakh mule bank accounts opened in more than 700 branches to facilitate digital arrest scams, impersonation frauds and UPI-based financial crimes.
  • Preliminary findings suggest that some bank officials, agents and e-Mitra operators colluded with fraudsters or failed to adhere to KYC norms, customer due diligence and risk assessment requirements.
  • During the raids, officers seized incriminating documents, mobile phones, bank account-opening forms, transaction records and KYC files for forensic analysis.
  • Nine suspected facilitators have been arrested and a FIR lodged for criminal conspiracy, cheating, forgery and corrupt misconduct as the CBI deepens its probe