10 arrested for renting bank accounts to cyber fraudsters for illegal transactions on commission | Chandigarh News
The Cyber Crime Cell has arrested 10 persons in connection with allowing their bank accounts to be used for illegal transfers, withdrawals and layering of fraud money in return for commission, the Chandigarh Police said on Monday. DSP (Cyber Crime) A Venkatesh said, “The arrests were made under ‘Operation Mule Hunt’ by the Chandigarh Cyber Crime police station, exposing a well-organised network facilitating digital arrest scams and part-time job frauds.” Cyber Crime police station SHO Inspector Eram Rizvi said the case came to light after information was received from the I4C portal of the Union Ministry of Home Affairs. “Analysis revealed that several bank accounts operating in Chandigarh were linked to fraud complaints registered on the NCRP/I4C portal in other states. These accounts were being used as mule accounts to route stolen money generated through cyber fraud. The accused allegedly provided their bank accounts to unidentified handlers, who used them for illegal transfers, cheque withdrawals and multi-layered transactions to conceal the origin of fraud proceeds. In return, the account holders were paid commission,” Rizvi said. …



