The Visakhapatnam cyber crime police have arrested four individuals for allegedly selling bank accounts used in illegal transactions. The suspects—Bonda Venkata Siva Sai Krishna, Mudiki Yadesh Kumar, Sirra Pradeep Kumar, and Singamshetty Saibabu—were taken into custody on Friday.
According to Visakhapatnam Commissioner of Police Shankabrata Bagchi, the accused targeted unemployed youth, enticing them with promises of jobs and high salaries. They manipulated the victims’ Aadhaar cards and applied for PAN cards in their names without their knowledge, registering them as directors of fictitious companies.
Using these fabricated identities, the accused opened bank accounts, which they sold to cybercriminals for illicit activities. Investigations revealed that approximately Rs35 to Rs40 crore had been transacted through these “mule” accounts, linked to various cyber scams, including online cricket betting and hawala transactions.
The police examined five corporate and current accounts provided by the suspects and uncovered cybercrime complaints from 17 states associated with these accounts. The investigation continues as authorities work to unravel the full extent of the operation.
