The Mumbai Police in a major achievement busted an interstate racket that supplied mule bank accounts for fraud carried under the guise of online gaming, cricket betting and online casinos.Three accused identified as Nikhil Kamal Kumar Jaiswani, Rahul Shyamlal Paraswani and Jai Biharilal Tiryani have been arrested from Madhya Pradesh. In this major operation by the Dongri police Cyber Cell, five other suspects have been identified and efforts are underway to trace those on the run.
Preliminary investigations revealed that the accused targeted financially vulnerable people and offered them small amounts of money in exchange for bank accounts opened in their names. Later, the accused would take over the control of the accounts, collecting the passbook, debit card, checkbooks and even the SIM cards from those involved. These accounts were then used to channel money generated through cyber fraud.According to the investigation, more than Rs 125 crore was routed through 17 bank accounts provided by the accused within a span of two months.
So far, 110 such bank accounts, of which 17 have been allegedly linked to 38 cybercrime complaints or offences registered across several states, have been identified. The investigation has established links between 17 of those with cases registered in Maharashtra, Karnataka, Telangana, Delhi, Madhya Pradesh, Uttar Pradesh, Kerala, Tamil Nadu, Gujarat, Jammu and Kashmir and West Bengal.