Hyderabad, June 4: Five persons were arrested in Nirmal district for allegedly operating mule accounts used in cyber fraud cases involving transactions worth Rs 8.18 crore, police said on Thursday.
According to police, the accused allegedly worked in coordination with cyber fraudsters who routed funds through bank accounts opened and managed by them.
Addressing the media, Dr Janaki Sharmila said the arrested individuals were identified as Nimma Gajender, Maggidi Naveen, Maggidi Mahender, Mekala Nikhil, and Shikari Sai Krishna, all residents of Nirmal town.
The SP said investigations revealed that Rs 8.18 crore was deposited into mule accounts allegedly operated by the accused in collaboration with cyber fraud networks.
During questioning, the accused reportedly confessed to their involvement and admitted to receiving commissions from cyber fraudsters for facilitating the transactions.
Police said the accused opened bank accounts in the names of various businesses and later handed over cheque books, debit cards, and registered mobile numbers to the fraudsters. These accounts were then allegedly used to channel money obtained through cyber crimes.
Officials stated that the investigation is continuing to identify other individuals linked to the network and trace the flow of funds.
The police also revealed that three persons from Lokeshwaram had earlier been arrested in connection with a similar mule account operation.
Authorities have urged the public not to share bank account details, debit cards, cheque books, or mobile numbers with unknown persons, warning that such activities could lead to criminal liability.
