Police in Telangana found a large cybercrime gang that was using fake, or “mule,” bank accounts. These accounts were opened in the names of ordinary people, but the criminals were actually controlling them.
From 2022 to 2025, the accused fooled people by offering jobs, business deals, or easy money. They asked them to open bank accounts and then took their ATM cards, passwords, and online banking details. The criminals used these accounts to move money stolen through online scams. Altogether, around ₹547 crore was transferred through these accounts.
The money was collected from victims of cyber fraud and then moved through many different bank accounts to hide where it came from. Some of the money was sent to other countries, some was converted into cryptocurrency, and some was withdrawn as cash. All this was done to make sure the real criminals could not be easily traced.
So far, 24 people have been named as accused in this case. Police have arrested 18 of them, while the others are still on the run. The police also found that these bank accounts were linked to many cybercrime cases in different states. The investigation is still continuing, and more arrests may be made soon.
