📷 Image: Wikimedia Commons / adbh266
Crime
Hyderabad Police Bust Gang Selling Mule Bank Accounts to Cyber Fraudsters
✍️ Hyderabad Mail
🗓 30 Oct 2026, 07:17 PM
👁 6
Hyderabad police have dismantled a criminal gang involved in selling mule bank accounts to cyber fraudsters, disrupting a key channel for online financial crimes.
Hyderabad police have successfully busted a gang that was actively selling mule bank accounts to cyber fraudsters. The operation marks a significant step in curbing the infrastructure used for online financial crimes in the city.
Mule accounts are typically opened by individuals who lend their banking details to criminals in exchange for a fee. These accounts are then used to launder money obtained through phishing, fake investment schemes, and other digital frauds.
By targeting the sellers of these accounts, law enforcement aims to cut off the flow of funds that sustains cybercriminal networks. The bust highlights the growing sophistication of fraud rings that exploit vulnerable individuals to create banking channels for illicit activities.
Authorities continue to monitor digital transactions to identify similar networks, emphasizing the need for public awareness regarding the legal risks of sharing bank account details with strangers.
Mule accounts are typically opened by individuals who lend their banking details to criminals in exchange for a fee. These accounts are then used to launder money obtained through phishing, fake investment schemes, and other digital frauds.
By targeting the sellers of these accounts, law enforcement aims to cut off the flow of funds that sustains cybercriminal networks. The bust highlights the growing sophistication of fraud rings that exploit vulnerable individuals to create banking channels for illicit activities.
Authorities continue to monitor digital transactions to identify similar networks, emphasizing the need for public awareness regarding the legal risks of sharing bank account details with strangers.