Cyberabad Police Bust Cyber Fraud Mule Account Network, Arrest 7 in Major Money Laundering Racket

The Cyber Crime Police Station, Cyberabad, has busted a major cyber fraud network and arrested seven individuals allegedly involved in operating a racket of mule bank accounts used to channel proceeds from cyber crimes and online trading frauds.

The arrests were made during the investigation of a case registered at the Cyber Crime Police Station, where police uncovered an organized network engaged in arranging bank accounts, supplying account holders, collecting fraudulent proceeds, transporting cash, and facilitating money laundering activities for cyber fraud syndicates.

Seven Accused Arrested in Mule Account Racket

The arrested accused have been identified as:

• A8 Raparthi Goutham (28 years)
• A9 Senapathi Pentaiah (56 years)
• A10 Bodala Sai Kumar (28 years)
• A11 Murapakala Kumar (30 years)
• A13 Vijjypu Satyanarayana (44 years)
• A14 Mantri Sai Kumar (24 years)
• A15 Utla Satyanarayana (27 years)

According to the police, the accused were allegedly involved in facilitating financial transactions linked to cyber fraud operations.

Accused Played Multiple Roles in Cyber Fraud Network

Investigators said the accused performed different functions within the network, including:

• Account suppliers
• Account holders
• Cash receivers
• Cash couriers

Police investigations revealed that fraudulent proceeds obtained through cyber crimes were withdrawn in cash and moved through multiple handlers before being delivered to members of the network based on instructions from key operatives.

Hyderabad Operation Leads to Another Arrest

Police also conducted a separate operation in Hyderabad, which resulted in the arrest of another accused allegedly involved in operating and providing bank accounts used to route money obtained through cyber frauds.

The police said the accused played a role in making bank accounts available for handling illicit funds generated through online scams and cyber crime activities.

Network Allegedly Supported Organized Cyber Crime Groups

According to investigators, the racket functioned as a support system for organized cyber crime groups by:

• Providing mule bank accounts
• Arranging account holders
• Assisting in the movement of fraud proceeds
• Facilitating cash transportation
• Supporting money laundering activities

Police believe the network helped cyber fraud syndicates conceal and transfer illegally obtained money.

Wider Probe Underway

Cyberabad Police said efforts are continuing to identify:

• Additional beneficiaries
• More account suppliers
• Cash handlers
• Other associates
• Key masterminds behind the operation

Authorities are investigating the broader network to uncover all individuals connected to the alleged cyber fraud and money laundering activities.

Current Status

The seven accused have been arrested in connection with the cyber fraud mule account racket. Another accused was arrested in a separate Hyderabad operation. Further investigation is currently in progress to identify the wider network and masterminds involved in the operation.

In a significant breakthrough, the Cyber Crime Police Station, Cyberabad, has busted a cyber fraud mule account network and arrested seven accused identified as Raparthi Goutham, Senapathi Pentaiah, Bodala Sai Kumar, Murapakala Kumar, Vijjypu Satyanarayana, Mantri Sai Kumar, and Utla Satyanarayana. Police allege that the network arranged mule bank accounts, supplied account holders, collected fraud proceeds, transported cash, and facilitated money laundering for cyber crime syndicates. A separate operation in Hyderabad led to another arrest, while further investigation is underway to identify additional beneficiaries, account suppliers, cash handlers, and the masterminds behind the racket.

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