New Delhi, Apr 14 (PTI) Three men have been apprehended for allegedly operating a mule account syndicate that routed over Rs 1.5 crore of cyber fraud proceeds through layered transactions, police said on Tuesday.
The accused have been identified as Deepak (32), Krishan Pratap Singh (28) and Shashi Kant (28), they said.
According to the police, the racket was unearthed during a drive when a suspicious bank account was flagged for its links with multiple cyber fraud complaints registered across different states.
“Technical analysis and transaction tracking revealed that the account was being used by an organised syndicate to receive and divert cheated money. The total amount routed through the account was found to be over Rs 1.5 crore,” a senior police officer said.
During investigation, one accused was traced and apprehended, who disclosed the involvement of his associates in arranging and operating mule accounts.
Subsequently, two more people were identified and apprehended.
Police said digital evidence, including mobile phone data and chats, confirmed their active role in facilitating cyber fraud by arranging bank accounts and handling transactions.
The accused allegedly targeted unemployed persons and lured them into opening bank accounts on commission.
“These accounts were then used to route fraud proceeds, which were layered across multiple transactions to conceal their origin. Police have recovered mobile phones, a SIM card linked to the mule account, cheque books and documents of fictitious firms from their possession,” the officer said.
A case has been registered and further investigation is underway. PTI BM NB
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