3 held for selling mule accounts linked to Rs 10.04 crore fraud
Hyderabad: The Commissioner’s Task Force, Charminar Zone, in coordination with the Attapur Police, arrested three members of a gang on Friday, October 30, for allegedly procuring mule bank accounts and illegally selling them to cyber fraudsters linked to Rs 10.04 crore.
The gang was busted following a tip-off that it was accessing mule bank accounts for use by cyber fraudsters, rather than the account holders, to commit offences.
Investigation revealed that the arrested accused supplied the accounts for Rs 20,000 to Rs 25,000. Police found 83 mule accounts across 22 bank branches, with 11 of them linked to 14 cyber fraud transactions involving approximately Rs 10.04 crore across multiple states.
Interrogation revealed that two of the accused, identified as Syed Abbas Ullah Hussaini and Mohammed Talha Khan, had been procuring mule accounts in various banks with the help of local persons.
According to the police, the accused used to receive bank account kits containing the account number, passbook, ATM card, ATM PIN, linked SIM card and customer ID. Hussaini then handed over the kits to Vijay and Babu Lal through courier and received money in return, the release said.
Examination of the arrested persons’ mobile phones showed that they operated by engaging local persons to open bank accounts in several cooperative banks in the city.
The police cautioned people not to rent, sell, lend or share their bank accounts, ATM cards, cheque books, SIM cards, UPI IDs or internet banking credentials with unknown persons or third parties for monetary benefits.
𝗠𝘂𝗹𝗲 𝗕𝗮𝗻𝗸 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 𝗥𝗮𝗰𝗸𝗲𝘁 𝗕𝘂𝘀𝘁𝗲𝗱 – 𝟯 𝗔𝗿𝗿𝗲𝘀𝘁𝗲𝗱 | ₹𝟭𝟬.𝟬𝟰 𝗖𝗿𝗼𝗿𝗲 𝗖𝘆𝗯𝗲𝗿 𝗙𝗿𝗮𝘂𝗱 𝗟𝗶𝗻𝗸
— Hyderabad City Police (@hydcitypolice) October 30, 2026
Hyderabad City Police Task Force, Charminar Zone, along with Attapur Police, arrested three persons for supplying mule bank accounts to cyber… pic.twitter.com/UHOEup4waP
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This content is published by The Siasat Daily and has not been created or edited by Hello Headlines. View original
