Multiple Arrests in Cyber Fraud Cases Involving Fake Bank Accounts in Rajkot and Mumbai
2 hours agoCrime
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2 SourcesTelangana, India
TBNthebalanced.news

Multiple Arrests in Cyber Fraud Cases Involving Fake Bank Accounts in Rajkot and Mumbai

Police in Rajkot and Mumbai have arrested multiple individuals involved in cyber fraud rackets using mule and ghost bank accounts to launder large sums of money. In Rajkot, 10 accused are linked to transactions totaling around Rs 1,500 crore through fake accounts, including one operated by a Telangana resident. In Mumbai, two men were detained for running nine ghost companies with 55 bank accounts used to funnel crores in cyber fraud proceeds. Investigations continue with further arrests possible.

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