In a significant crackdown on mule account operators facilitating cyber fraud, the city’s Cyber Crime Police arrested two individuals, including a 19-year-old engineering student. The suspects allegedly opened fake bank accounts using forged documents to help fraudsters siphon off large sums as intermediaries.
The first arrest involved Parashurama from Kunkuv village, Honnali taluk. He had established a firm named Talented Squad Solution in Bengaluru’s Rajajinagar, posing as a job placement agency. Investigations revealed that he had opened six bogus accounts across nationalised and private banks. These accounts were used to transfer crores of rupees obtained through online cheating. So far, 95 cases linked to these accounts have been registered across the country. Parashurama remains in custody, and cyber police continue detailed interrogation.
In a related case, a 19-year-old engineering student was also apprehended for maintaining mule accounts in two different banks. Fraudsters, using a Telegram ID named “Bhumika”, contacted him with promises of easy earnings through an “Earn While You Learn” scheme. He was tasked with receiving money into his accounts and forwarding it to UPI IDs provided by the fraudsters, receiving a commission for each transaction.
Driven by greed, the student later opened additional bank accounts to handle higher transaction volumes. Investigations have traced eight cases across various parts of India linked to his accounts. Authorities are continuing further inquiries to uncover more beneficiaries of the scheme.
