Hyderabad Cyber Crime Crackdown Exposes Mule Accounts Scam Involving Bank Officials
Telangana cyber police arrested four people including a bank manager for creating mule accounts under a fake firm name enabling cyber fraud transactions worth several lakhs in Hyderabad.
- Hyderabad cyber crime bust reveals mule accounts scam.
- Bank manager among four arrested in fake firm case.
- Cyber police warn against sharing bank details.
Telangana cyber police have intensified their fight against financial fraud with a major breakthrough in Hyderabad, uncovering a mule account racket operated under the guise of a fake business. Four individuals including a cooperative bank branch manager were arrested for facilitating cyber crime transactions.
The arrests are part of the ongoing statewide cyber enforcement drive following large scale operations earlier conducted across multiple states. Investigators found that mule accounts were being systematically created in Hyderabad using forged documents and shell company identities to route illegal funds.
According to police, two residents of Pahadi Shareef planned the operation with the intention of earning easy money. They rented a shutter space and fabricated lease agreements along with fake business records under the name Star Agro Industries. These documents were used to open a current account at a cooperative urban bank.
The investigation revealed that the bank sales manager and branch manager allegedly ignored banking norms and assisted in opening the account. Soon after activation, ATM cards cheque books internet banking credentials and a linked SIM card were handed over to cyber criminals.
Police confirmed that transactions worth over six lakh rupees were routed through the account within a short period. During questioning the accused admitted that more than thirty mule accounts were opened in the same bank branch using similar methods.
Cyber crime officials stated that further investigation is underway to identify the wider network behind the fraud and trace affected victims. Authorities issued a strong warning that sharing bank accounts or KYC documents is a serious criminal offence.
Police advised citizens to immediately report cyber fraud cases through the national helpline 1930 or the official cybercrime portal to ensure timely action and recovery efforts.
