The Central Bureau of Investigation (CBI) is investigating S Sharma, a former branch manager of a private bank, regarding his involvement in a cyber fraud case where ₹3.74 crore was deposited into a mule account on July 2, 2022. The funds were transferred through 11 transactions by 10 victims who were deceived through various fraudulent methods, including impersonation and phishing. The CBI obtained approval under the Prevention of Corruption Act to probe Sharma's role. An FIR was registered on July 4, 2025, against the cargo firm linked to the mule account, its director S Palande, and unknown cyber fraudsters. Palande has been arrested, while the investigation continues into the roles of public servants and the money trail. Recent findings indicate that ₹3.8 lakh was transferred to a Delhi-based individual's account before moving to a firm in the United Arab Emirates. The CBI has seized various incriminating documents and digital evidence during its investigation.