Hyderabad Cyber Crime Operation Exposes Mule Bank Accounts Network

• Hyderabad cyber crime operation exposed mule bank accounts network.
• Hyderabad cyber crime investigation revealed fraud worth over 100 crore.
• Hyderabad cyber crime operation led to hundreds of arrests.

A large scale cyber crime operation in Hyderabad has revealed a massive network of mule bank accounts used in online fraud across the country. Police teams conducted coordinated inspections across Telangana and uncovered links between suspicious bank accounts and several cyber crime cases.

During the Hyderabad cyber crime operation authorities examined nearly two thousand suspected mule bank accounts connected to thousands of cyber fraud complaints registered across India. Investigators believe the fraud transactions routed through these accounts may have caused losses exceeding one hundred crore rupees.

The operation involved 137 police teams and more than five hundred officers who simultaneously inspected several bank branches across the state. After analyzing the suspicious transactions police registered hundreds of cases and identified more than six hundred suspects connected to the mule bank accounts network.

Investigators revealed that many individuals allowed cyber criminals to use their bank accounts for illegal financial transfers. These people acted as mule bank account holders and received commissions of up to five percent for every fraudulent transaction processed through their accounts.

Among those arrested were people from different professions including students lecturers software employees private workers daily wage labourers and even bank staff. Police confirmed that two bank employees were also taken into custody for allegedly helping open accounts without proper verification procedures.

Officials also discovered that some suspects used fake identity documents false KYC details and mobile numbers belonging to other people to open virtual bank accounts. These accounts were then used by cyber criminals to move money quickly and hide their identities during fraudulent activities.

In several cases intermediaries played a key role by recruiting account holders arranging SIM cards and providing internet banking credentials to cyber fraud groups. They also helped withdraw or transfer money after it was deposited into the mule bank accounts.

Police seized dozens of mobile phones bank passbooks and cheque books during the operation. Authorities say stricter KYC verification and stronger banking monitoring systems are necessary to prevent misuse of bank accounts in cyber crime networks.