ED finds 121 mule accounts opened by Kalahandi forest staff to embezzle Rs 2.5 crore
1 month ago

ED finds 121 mule accounts opened by Kalahandi forest staff to embezzle Rs 2.5 crore

New Indian Express  

BHUBANESWAR/BHAWANIPATNA : The Enforcement Directorate is investigating laundering of government funds to the tune of Rs 2.5 crore into mule accounts in Jaipatna forest range of Kalahandi district. Initial probed revealed that Forest department officials were involved in using mule bank accounts to divert huge amount of money and misappropriate funds meant for government schemes. An ED statement said Forest department personnel in the rank of forest guards and rangers were involved in opening 121 mule accounts to pilfer the funds. Funds were transferred from Jaipatna range office to the mule bank accounts through national electronic funds transfer system and the money was immediately withdrawn through ATMs.

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History of this topic

ED raids Kalahandi forest staffers, finds 100+ mule bank a/c to siphon govt funds
1 month ago

ED raids Kalahandi forest staffers, finds 100+ mule bank a/c to siphon govt funds

Hindustan Times  

Bhubaneswar: The Enforcement Directorate has found at least 121 mule accounts that were allegedly operated by forest officials of Kalahandi district to divert funds from various state government schemes, people familiar with the matter said. ED officials began search operations at the office and residences of forest department officials in Jaipatna Range under Kalahandi South division on Friday ED’s Bhubaneswar …

MP's Satna district turning into fertile ground for mule accounts used for cyber fraud, suspected terror funding
2 months, 2 weeks ago

MP's Satna district turning into fertile ground for mule accounts used for cyber fraud, suspected terror funding

New Indian Express  

BHOPAL: Considered as the hub of cement industries in the country, Satna district in the Vindhya region of Madhya Pradesh is turning out to be a fertile base for mule accounts --which are being used not just to park and move money earned by cyber fraudsters, but also serving as route for transfer of funds of suspected terror financing. Around …

Hyderabad’s ₹5.66 crore ‘digital arrest’ scam shines spotlight on vulnerabilities in Indian banking
3 months, 2 weeks ago

Hyderabad’s ₹5.66 crore ‘digital arrest’ scam shines spotlight on vulnerabilities in Indian banking

The Hindu  

A 69-year-old mother of two from Hyderabad’s Basheerbagh lost a staggering ₹5.66 crore in a ‘digital arrest’ scam. Senior officers from various Indian banks, cybersecurity experts and law enforcement officials pointed to the lack of standardised systems to identify patterns of fraudulent transactions and called for overhaul in customer verification across banks. Director of Telangana Cyber Security Bureau Shikha Goel …

What is MuleHunter.AI, RBI’s new tool to detect mule account frauds?
3 months, 3 weeks ago

What is MuleHunter.AI, RBI’s new tool to detect mule account frauds?

Firstpost  

Reserve Bank of India Governor Shaktikanta Das has introduced an artificial intelligence/machine learning-based model called MuleHunter.AI. It is a tool designed to efficiently identify and detect mule bank accounts, which are often used in financial fraud schemes, like money laundering There has been a worrying increase in mule accounts in India. MuleHunter.AI It is a tool designed to efficiently identify …

Centre freezes 4.5 lakh mule accounts in crackdown on fraud
4 months, 2 weeks ago

Centre freezes 4.5 lakh mule accounts in crackdown on fraud

Deccan Chronicle  

The Indian government has frozen 4.5 lakh "mule" accounts as part of a crackdown on financial fraud and money laundering. These accounts were reportedly being used for illicit financial activities, acting as intermediaries to facilitate illegal transactions or fund transfers, often as part of larger criminal networks. The operation, led by the Enforcement Directorate and other financial regulatory agencies, aims …

Police-student partnership to fight cybercrime launched in Odisha
8 months, 1 week ago

Police-student partnership to fight cybercrime launched in Odisha

New Indian Express  

BHUBANESWAR: Last month, a city-based government official was defrauded of Rs 36 lakh in a fake courier scam. Investigation by the Commissionerate Police led to arrest of five persons from Karnataka, Assam and Tripura who were part of a Chinese cyber crime gang. “We helped the investigators collect details about these accounts and ascertained that the ill-gotten money was used …

Balasore, Bhadrak are mule bank account hotspots of Odisha, finds SBI
8 months, 2 weeks ago

Balasore, Bhadrak are mule bank account hotspots of Odisha, finds SBI

New Indian Express  

BHUBANESWAR: After emerging from the chit fund scam, Balasore and Bhadrak have now turned major hotspots of mule bank accounts used by cyber fraudsters to dupe people of lakhs of rupees everyday, a State Bank of India investigation has found. Investigation into recent cyber crimes revealed scamsters based out of China are using mule bank accounts opened in the name …

Chinese national among five held for operating mule bank accounts for cyber fraud in Noida
10 months ago

Chinese national among five held for operating mule bank accounts for cyber fraud in Noida

Hindustan Times  

Five individuals, including a Chinese national, were arrested by the Noida police for their alleged involvement in facilitating mule bank accounts for perpetrating cyber frauds, senior police officers said on Wednesday. “Five people, including a Chinese national, who were part of a group allegedly involved in duping innocent people through social media platforms have been arrested from different places under …

Hyderabad: Five Held for Opening 'Mule' Bank Accounts
10 months, 1 week ago

Hyderabad: Five Held for Opening 'Mule' Bank Accounts

Deccan Chronicle  

Hyderabad: The task force on Saturday along with city cybercrime police and TS Cyber Security Bureau have arrested five members of a gang for opening ‘mule’ bank accounts and supplying them to cyberfraudsters. Saifi went to the Gulf in 2019 and came in contact with Zaid of Muradabad, UP, and Sandeep Singh of Punjab, who said that they were engaged …

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