₹2 Crore Cyber Fraud Case Involving Mule Accounts Leads to Two Arrests in Bulandshahr

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Authorities in Bulandshahr have arrested two individuals linked to a financial fraud scheme involving bank account misuse for illicit activities.

Arrest Details

Bulandshahr cybercrime authorities have detained two individuals in connection with a financial fraud scheme involving the misuse of bank accounts for illicit purposes. The suspects allegedly facilitated the use of their banking details in exchange for financial incentives, with their accounts linked to multiple cybercrime reports across multiple Indian states.

Suspects’ Background

The arrested individuals, identified as Khurshpal from Maulabad Gesupur village in Bulandshahr district and Anil Kumar from Matipur village in Sambhal district, are accused of enabling fraudulent transactions through their bank accounts.

The Scheme

During interrogations, Khurshpal disclosed that he met Anil Kumar approximately 10 months prior, when the latter allegedly proposed a scheme offering monetary rewards for accessing his account. The arrangement reportedly involved transferring funds through the account, with Khurshpal receiving ₹95,000 and Anil Kumar allegedly earning ₹5,000 as compensation.

Khurshpal disclosed that he met Anil Kumar approximately 10 months prior, when the latter allegedly proposed a scheme offering monetary rewards for accessing his account.

Ongoing Investigations

Investigations are ongoing to determine the full scope of the financial activities tied to the accounts. Authorities are examining the flow of funds, including deposits and transfers, to identify potential beneficiaries and establish connections to broader criminal networks.

Case Significance

The case has drawn attention due to its association with complaints from Andhra Pradesh, Karnataka, and Maharashtra, where suspected cyber fraud involving approximately ₹2 crore has been reported. Police are reviewing transaction records to trace the movement of funds and assess the involvement of additional parties.

Conclusion

The outcome of the inquiry could provide critical insights into the structure and scale of the fraudulent activities. Investigators are also exploring potential links to other individuals who may have assisted in facilitating transactions or managing the proceeds of the scheme.