Crime Branch Cracks Down on Cyber Fraud with New FIRs

The crime branch is intensifying its battle against cyber fraud by initiating proceedings to file three FIRs after identifying 34 mule accounts. The operation targets individuals and groups involved in laundering illegal funds. The branch is also investigating banks and SIM card vendors possibly linked to these activities.

In a significant move to combat cyber fraud, the crime branch has announced plans to register three FIRs concerning 34 identified mule accounts controlled by individuals and organized groups, as reported on Wednesday.

Currently, no arrests have been made. According to a statement from the Crime Branch, initiated proceedings to neutralize the financial infrastructure of cybercriminals are underway, focusing on mule accounts that launder illicit funds.

The investigation extends to scrutinizing the role of financial institutions in facilitating these accounts. Consequently, two banks and numerous SIM card vendors are under rigorous examination. The Crime Branch pledges a strategic shift to hold both perpetrators and enablers accountable, ensuring compliance with KYC norms and aiding victim restitution.

(With inputs from agencies.)