Ludhiana Police Files FIR Against 150 ‘Mule Accounts’ in Cyber Crime.
The Punjab Police have discovered over 150 active mule accounts being operated across nationalized and private banks in Punjab as part of a significant crackdown against cyber-enabled financial crime; most of these accounts are located in Ludhiana.
Cybercriminals are purportedly using these accounts to receive and transfer money that has been embezzled through online fraud. In response, the state cyber unit filed a formal complaint at the Ludhiana Commissionerate’s Cyber Crime Police Station.
Pay Attention to the Cyber Network’s Kingpins
Senior police authorities worry that these accounts could be utilized by organized crime groups and abused for internet fraud, potentially endangering law and order.
The Ludhiana Police have started confirming the account data and tracking down the people implicated in response to intelligence inputs. An FIR has been filed under sections 318(4) (Cheating) and 61(2) (Criminal Conspiracy) of the Bharatiya Nyaya Sanhita against unidentified individuals, according to Additional Deputy Commissioner of Police (Headquarters) Vaibhav Sehgal, who leads Ludhiana’s Cyber Crime Cell.
“We have information about over 150 active mule accounts, with the majority traced to Ludhiana,” he continued. Each account is being verified by our teams to determine who created it and who is using it. The masterminds of the fraudulent network are being sought after.
Mule Accounts: The Instrument for Money Laundering
The proceeds of cybercrime are typically routed through mule accounts. Additionally, the authorities are investigating if they were utilized to support illicit currency transfers or other criminal activity.
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