Massive Mule Account Racket Unveiled: Arrests Made in Major Fraud Case

A criminal network exploiting mule accounts for fraudulent activities has been dismantled with the arrest of 12 individuals, including a woman and her son, who opened thousands of illegal bank accounts. This operation was discovered following a tip-off, leading to extensive seizures and further investigations.

A sprawling racket focused on exploiting mule bank accounts for illegal activities has been dismantled by police, with 12 arrests made, including a mother and her son, involved in the operation. They allegedly opened bank accounts in the names of unwitting individuals for fraud and online betting schemes, according to authorities.

Spearheaded by Mohammed Uzaif and his mother, Shabana Abdul Bari, the network allegedly facilitated the opening of approximately 4,200 mule accounts. These accounts were used primarily for illegal gain, with the duo obtaining SIM cards in the same names to aid their activities.

Authorities launched the operation following a credible tip-off, arresting the primary suspects in Bengaluru. The investigation led to additional seizures, totaling significant assets, and the arrest of 10 more accomplices in Delhi, though one key suspect remains at large.