Cyber Fraud Bust: Five Arrested for Supplying Mule Accounts Linked to Dubai

Major Cyber Fraud Operation Uncovered

New Delhi: Authorities have apprehended five individuals suspected of providing mule bank accounts to cyber fraud groups with connections to Dubai, as reported by police on Saturday.

This investigation stems from a case involving the fraudulent extraction of over Rs 12 lakh from a victim who was misled into investing in stock markets.

The arrested suspects include Shridhar Dilip Ingle (25), Archiryan Goraksh Kamble (21), Ajij Miran Shaikh (25), Pranav Jalinder Guldagad (24), and Vishal Durgadas Bachal (25).

The police became aware of the situation after the victim lodged a complaint, claiming he was persuaded to invest in stocks through a fake company, leading to a transfer of Rs 12,22,670 under the promise of substantial returns.

Investigators discovered that the group was operating from Maharashtra, with Ingle being apprehended in Shrirampur.

Subsequently, the other suspects were arrested in various locations.

The accused were part of a larger network that acquired bank accounts from individuals and provided them to cyber criminals for a fee, which were then used to facilitate and withdraw the stolen funds.

Ingle admitted to having contact with an accomplice in Dubai, to whom the accounts were sent for further exploitation in cyber fraud activities.

Police reported that at least 18 complaints have been registered against the suspects on the NCRP portal, noting that the bank accounts involved have transactions totaling several crores across different states.

Additionally, law enforcement recovered six mobile devices and information regarding 35 bank accounts implicated in the fraudulent activities.