Cyberabad Police Bust Interstate Mule Account Gang in ₹78.66 Lakh Investment Scam, 3 Arrested in Hyderabad
Cyberabad Police arrest 3 from Rajasthan in ₹78.66 lakh investment scam using mule accounts. Investigation ongoing to trace money trail.
Hyderabad: The Cyber Crime Police of Cyberabad Police have busted an interstate mule account gang involved in a ₹78.66 lakh investment scam and arrested three accused from Rajasthan. The accused—Vikash Khokhar, Phiroj Mohammad, and Nitish Kumar—were apprehended in Hyderabad for supplying mule accounts to cyber fraudsters. The gang used bank accounts, ATM cards, and SIM cards to facilitate money laundering. Further investigation is ongoing to trace the full money trail.
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Cyberabad Police Crack ₹78.66 Lakh Investment Scam
The Cyber Crime Police, Cyberabad, identified and dismantled an interstate gang involved in cyber fraud through mule accounts.
- Total scam amount: ₹78.66 lakhs
- Accused arrested: 3 individuals
- Origin: Rajasthan
- Arrest location: Hyderabad
The case involves an investment scam where mule accounts were used to move illicit funds.
Modus Operandi: Mule Accounts, ATM Cards, SIM Cards
According to police, the accused operated by:
- Procuring bank accounts
- Supplying ATM cards
- Arranging SIM cards
These were then used by cyber fraudsters to launder money obtained through fraudulent investment schemes.
Accused Apprehended, Investigation Ongoing
The three accused—Vikash Khokhar, Phiroj Mohammad, and Nitish Kumar—have been apprehended in Hyderabad.
Police confirmed that:
- The accused were supplying mule accounts to cybercrime syndicates
- Further investigation is ongoing
- Authorities are working to trace the complete money trail
Public Warning Issued by Cyberabad Police
Cyberabad Police issued a strong warning to the public:
- Do not rent out bank accounts, ATM cards, or SIM cards
- Such actions make individuals accomplices in cybercrime
- It can lead to serious criminal liability
Helpline for Cyber Fraud Victims
Citizens are advised to report cyber fraud immediately through:
- Helpline: 1930
- Website: http://cybercrime.gov.in
Cyberabad Police have busted an interstate mule account gang involved in a ₹78.66 lakh investment scam and arrested three accused—Vikash Khokhar, Phiroj Mohammad, and Nitish Kumar—in Hyderabad. The gang supplied bank accounts, ATM cards, and SIM cards for money laundering. With the accused in custody, further investigation is underway to trace the full money trail.
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