Bengaluru Man Arrested in Multi-Million Dollar Cyber Fraud Scheme Using Bank Account

Bengaluru Employee Charged with Facilitating Cyber Fraud Transactions

A 37-year-old man has been arrested in Bengaluru on charges of facilitating cyber fraud transactions through his bank account.

• The individual, who has been identified as Murali G. Reddygopal, allegedly provided his bank account details, ATM card, mobile phone number, and internet banking credentials to cybercriminals, allowing them to deposit and transfer ill-gotten gains across various jurisdictions.

The Investigation Uncovered a Complex Web of Transactions

The investigation, led by the Whitefield Cyber Crime Police, uncovered a complex web of transactions involving multiple bank accounts and ATM withdrawals. The police suspect that Reddygopal knowingly played a deliberate role in this scheme, using his full banking access to facilitate the movement of illicit funds.

• The scheme involved the deposit of cyber-fraud proceeds into Reddygopal’s bank account, followed by transfers to other bank accounts or withdrawals via ATMs.
• The account had previously been flagged for suspicious activity due to its involvement in cybercrime-related transactions.

Ongoing Investigation and Debit Freeze

Further investigation is ongoing to determine the full extent of Reddygopal’s alleged involvement and to identify other individuals connected to the fraud network. Law enforcement officials have imposed a debit freeze and lien mark on the account in question, pending further investigation.

• This case highlights the growing concern over the use of “mule accounts” in cybercrime, where ordinary banking channels are repurposed to conceal the movement of stolen money across multiple states and scam operations.
• The case underscores the need for vigilance in identifying and preventing the misuse of legitimate banking services for illicit activities.

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