Cyber Fraud: 7 Held As Probe Exposes Trade In Mule, Rented Bank Accounts In Indore

Indore police have arrested seven individuals in two separate operations for their alleged involvement in a cyber fraud scheme involving rented bank accounts and "mule" accounts. In Hira Nagar, four men were apprehended for allegedly renting out bank accounts. Vijay Nagar police arrested three others for buying and selling mule and fake bank accounts.

During the raids, police seized various items including SIM cards, ATM/debit cards, bank passbooks, and mobile phones. Initial investigations revealed suspicious transactions totaling around Rs 2 crore, with individual transactions of around Rs 40 lakh each. Police had received information about individuals opening bank accounts in others' names to facilitate money transfers linked to cyber fraud.

Police noted that the suspects had prior cases of cyber fraud and other crimes and had been jailed before. They are currently seeking remand to continue questioning and investigating further to identify more individuals involved in the network. The investigation is ongoing, with authorities focusing on uncovering the extent of the cyber fraud scheme through a thorough cyber and financial probe.