Delhi Police Arrest Three Mule Account Operators Linked to ₹1.22 Crore Cyber Fraud
Three mule account operators held for routing over ₹1.22-crore cybercrime proceeds: Delhi Police
Hindustan Times
Image: Hindustan Times
Delhi Police have arrested three individuals from Gujarat, Rajasthan, and Madhya Pradesh for operating mule bank accounts involved in cyber frauds totaling over ₹1.22 crore. The scams included fake IPO investments and forex trading schemes, deceiving victims through social media and impersonation tactics.
- 01Three individuals arrested for operating mule accounts in cyber fraud cases.
- 02Fraud schemes involved fake IPO investments and forex trading scams.
- 03Victims were deceived through social media and impersonation tactics.
- 04Total amount involved in the scams exceeds ₹1.22 crore.
- 05Investigations are ongoing to identify additional suspects.
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The Delhi Police have apprehended three individuals from Gujarat, Rajasthan, and Madhya Pradesh for their involvement in cyber fraud cases totaling over ₹1.22 crore (approximately $147,000 USD). These individuals provided mule bank accounts used to facilitate fraudulent transactions linked to fake Initial Public Offering (IPO) investments and forex trading scams. The police's cyber cell and crime branch uncovered three separate cases where victims were duped through social media platforms, fake websites, and impersonation. In one instance, a resident of Laxmi Nagar, East Delhi, lost around ₹46.66 lakh (approximately $56,000 USD) to a fake stock market scheme. Another victim was coerced into transferring ₹36.19 lakh (approximately $43,500 USD) under the threat of arrest by individuals posing as officials from various law enforcement agencies. The third victim fell prey to a forex trading scam, losing ₹40.12 lakh (approximately $48,000 USD). The police have traced portions of the stolen funds to bank accounts in Surat, Kota, and Bhopal, leading to the arrests of Rajesh Ratnabhai Hadiya, Musaveer Khan, and Shubham Rathore. Investigations continue to identify further accomplices in these cybercrime cases.
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These arrests highlight the ongoing issue of cyber fraud in India, affecting many individuals who fall prey to such scams.
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