Bank Account Scam Exposed: Cyber Crime Branch Arrests Three for Providing Mule Accounts

The Bhopal Cyber Crime Branch has made a significant breakthrough in cracking down on a gang of cyber fraudsters who lured people into investing in cryptocurrency and other allurements using fake investment companies and mule bank accounts. The gang, which operated across the country, was able to dupe victims out of large sums of money by showing them hefty profits in the dashboard of the company's account.

Key Takeaways:

• The cyber gang used documents of college students and labourers to open bank accounts for fraudulent activities.
• The accused used WiFi dongles to use netbanking and avoid being traced.
• The prime accused, Nimbaram, confessed to have sold over 50 mule bank accounts to different gangs of cyber conmen.
• The gang operated across the country, with victims from various regions being targeted.
• The cyber fraudsters showed victims hefty profits in the dashboard of the company's account to gain their trust.
• The cyber police used surveillance to track down the location of the account holders to Jodhpur district of Rajasthan.

Statistics:

• Over Rs. 18.60 lakh was duped from a single victim, Sudhir Singh.
• Five (5) mule bank accounts were sold to different gangs of cyber conmen by the accused, Nimbaram.
• The gang operated in multiple regions, targeting victims from various areas.
• The prime accused, Nimbaram, confessed to having sold over 50 mule bank accounts.

Sources:

• "Bhopal (Madhya Pradesh): Cyber Crime Branch on Thursday arrested three persons from Rajasthan involved in providing mule bank accounts to a gang of cyber fraudsters." (Indian National Press (Bombay) Pvt. Ltd.)
• "Additional DCP Shailendra Singh Chauhan said complainant Sudhir Singh told police that...". (Indian National Press (Bombay) Pvt. Ltd.)
• "The prime accused Nimbaram told police that he used to lure students and labourers...". (Indian National Press (Bombay) Pvt. Ltd.)