New Delhi: Police have busted a mule account syndicate involved in routing and siphoning off fraud proceeds, apprehending three key associates and uncovering transactions worth over Rs 1.5 crore.Police apprehended the individuals after a suspicious bank account was flagged as a mule account linked to multiple cyber fraud complaints across states. Investigations revealed that victims were cheated through various online methods, with the defrauded money funneled through layered transactions into the account.During the probe, officers first traced and apprehended one accused, who disclosed the involvement of his associates in arranging and operating mule accounts. Based on his inputs, two more accused were identified and apprehended.The accused have been identified as Deepak (32), Krishan Pratap Singh (28) and Shashi Kant (28). Police received mobile phones, a SIM card linked to the mule account, cheque books and documents of fictitious firms from their possession.According to investigators, the accused targeted unemployed persons and lured them into opening bank accounts on commission, which were then used to route fraud money. The proceeds were layered across multiple accounts to conceal their origin.Further investigation is underway to ascertain their involvement in other cases.
