National Desk: The Delhi Police has busted a cyber fraud network linked to “mule” bank accounts and shell companies, arresting two fake directors after uncovering transactions worth over ₹16 crore within just eight days, an official said on Saturday.
“Mule” bank accounts are accounts opened in the names of other individuals and used to transfer illegally obtained money. The accused, Sonu Kumar and Aminder Singh, were operating as fake directors of a private limited company, which was found to be at the center of a money laundering operation.
The case was registered based on the analysis of suspicious mule accounts flagged on the National Cyber Crime Reporting Portal, along with inputs received through the “Samanvaya” platform of the Indian Cyber Crime Coordination Centre.
During the investigation, a bank account linked to the company at a Bawana branch came under suspicion after it was found to be connected to 336 cyber fraud complaints across multiple states.
Police officials stated that unusual activity was detected in the account, which was used at various stages of fund transfers. A detailed financial analysis revealed that transactions exceeding ₹16 crore were routed through the account within eight days, indicating large-scale money laundering.
Authorities confirmed that further investigation is underway to identify and apprehend other members of the network.
