CBI Files FIRs Against Punjab Sind Bank Officials Over Rs 1,600 Crore Mule Account Scam

The CBI has registered FIRs against former Punjab Sind Bank branch heads and others for allegedly opening 17 mule accounts in Sri Ganganagar, Rajasthan. These accounts, created using forged KYC documents and fake business verifications, were used to launder over Rs 1,600 crore from cybercrime and other illicit activities. The agency alleges collusion by bank officials violating norms and procedures, with accounts opened in fictitious company names to conceal and layer illicit funds.