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Four held for running mule accounts in Rs 10-cr cyber fraud
In Short
- 54 cases linked to suspected Rs 10-crore fraud
- Victim loses Rs 37 lakh in trading scam
- Accused allegedly supplied bank accounts and SIM cards
- Chinese national allegedly coordinated the network
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Hyderabad: The Detective Department of Hyderabad police has arrested four accused for allegedly operating mule accounts in a cyber fraud network. At least 54 cases have been registered across the country in connection with the alleged fraud, involving suspected fraudulent transactions worth approximately Rs 10 crore.
The Hyderabad crime wing received a complaint from a victim who alleged that he had lost Rs 37 lakh after cyber criminals sent him a WhatsApp link on the pretext of offering a trading business opportunity. Police registered a case and launched an investigation. During the probe, police identified the accused and arrested Maroju Subramanya Chari, Gedela Nani and Alamanda Manikanta in Bhimavaram, Andhra Pradesh. On further inquiry, they proceeded to Pocharam in Hyderabad, apprehended Panduraju Abhishek and brought him to the Cyber Crime Police Station, Hyderabad City, for further investigation.
During interrogation, police reportedly found that Abhishek, who was facing financial difficulties, had come into contact with a Chinese national through WhatsApp. The latter allegedly offered him money in exchange for supplying mule bank accounts and SIM cards. Abhishek was promised a commission based on the transactions carried out through the accounts.
The accused allegedly arranged mule bank accounts and SIM cards and was offered a commission of Rs 10,000 for each bank account. After collecting the bank account credentials and SIM cards, he allegedly inserted the SIM cards into his mobile phone and transferred proceeds from cybercrimes through these accounts to other mule bank accounts controlled by the Chinese national.
