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The Hindu
a day ago
- The Hindu
CBI arrests three in cybercrime case
The Central Bureau of Investigation (CBI) arrested three persons after registering a cybercrime case against a mule account holder and unknown cyber fraudsters. An amount of ₹3.81 crore was received in the mule account on July 2, the CBI officials said on Sunday (July 27, 2025). The three accused have been identified as Sudhir Bhaskar Palande, the mule account holder, Yash Thakur, the agent, and Shaurya Sunilkumar Singh, an operator. According to the officials, the case was filed after verification of the account. The CBI Economic Offences Branch (EOB) Mumbai received specific information and registered a case against the account holder; unknown cyber fraudsters, unknown bank officials, and unknown others for committing a cybercrime of ₹3.81 crore. 'The said account received ₹3.81 crore in a single day on July 2 from various cyber victims. On receiving credits in the said account, the money was transferred to more than a hundred mule accounts opened pan India in the first layer,' said the CBI officials, adding it was further transferred/layered to thousands of accounts before reaching the actual cyber fraudsters. During the investigation, the CBI unearthed the entire conspiracy of opening the mule account by the bankers without 'proper KYC norms' or 'Customer Due Diligence' or 'Initial Risk Assessment'. The CBI seized several documents and digital evidence, mobile phones, an iPad, bank account opening documents, transaction details, and KYC documents during the search operation. The Central agency also found that the agents involved in the case and the mule account holder received their commission in cryptocurrency, which was further distributed among the co-conspirators.
India Today
2 days ago
- India Today
CBI arrests three in Mumbai linked to Rs 3.81-crore cyber fraud case
The Central Bureau of Investigation (CBI) has arrested three men in Mumbai for their alleged role in a large-scale cyber fraud involving Rs 3.81 crore, the agency said on arrests followed an investigation by the CBI's Economic Offences Branch, which began after receiving specific intelligence. Officials said the money was credited to a mule account held by Sudhir Bhaskar Palande on July 2 and originated from multiple cybercrime after, the funds were routed to over 100 mule accounts across the country and then further layered through thousands of bank accounts to obscure the trail before reaching the actual fraudsters. CBI said its investigation uncovered a broader conspiracy involving bank officials and middlemen, who helped open the mule account without proper verification, violating Reserve Bank of India (RBI) guidelines and internal bank led to the recovery of incriminating documents, digital devices, KYC forms, and bank records. The agency also identified key individuals involved in the scheme, including those who arranged the account holder's stay in Nagpur and coordinated fund transfers through local also found that commissions were paid in cryptocurrency and distributed among arrested include Sudhir Bhaskar Palande (mule account holder), Yash Thakur (middleman), and Shaurya Sunilkumar Singh (agent/operator). All three are currently in judicial custody. The investigation is ongoing.- EndsMust Watch
Hans India
2 days ago
- Hans India
CBI's Mumbai unit arrests 3 cyber crooks for Rs 3.81cr transfer in mule account
Three cyber crooks involved in the deposit of Rs 3.81 crore in a single day in a mule account in Mumbai and its further distribution among other fraudsters were arrested by the Economic Offences Branch of the Central Bureau of Investigation (CBI), an official said on Sunday. The three were identified as mule account holder Sudhir Bhaskar Palande, middleman Yash Thakur and cyber operator-cum-agent Shaurya Sunilkumar Singh, the official said. A mule account is a bank account used by criminals to transfer or launder illicit funds, often without the account holder's knowledge. The arrests were made as part of a CBI drive against organised cyber fraudsters, said an official statement, adding that the three accused were produced in a Special CBI Court which sent them to judicial custody. The CBI said that that Rs 3.81 crore were received from various cyber victims in the said mule account on July 2. During the investigation, the probe agency identified the middlemen involved in opening of mule account in Mumbai, facilitating arrangements of stay of account holder at Nagpur and transferring of funds in other mule accounts through other agents of Nagpur. After receiving credits in the account, the money was further transferred to more than hundred mule accounts opened across India in the first layer. 'The money of cyber fraud was further transferred/layered to thousands of accounts before reaching actual cyber fraudsters,' said the statement. Investigation by CBI Mumbai's EOB revealed that agents in Nagpur and mule account holder Palande received commission in crypto currency which was further distributed among the co-conspirators. During the investigation, the CBI unearthed the entire conspiracy of opening of the mule account by bankers and the middlemen without proper KYC norms or Customer Due Diligence or Initial Risk Assessment. The guidelines issued vide the RBI Master circular and certain internal guidelines issued by the bank were also violated, said the probe agency. During searches, the CBI seized several incriminating documents and digital evidence, mobile phones, iPad, Bank account opening documents, transaction details and KYC documents.
Hindustan Times
2 days ago
- Hindustan Times
CBI arrests 3 for ₹3.81 cr cyber fraud using mule accounts
New Delhi, The CBI has arrested three persons for allegedly siphoning off ₹3.81 crore through online fraud in a single day using mule accounts, officials said on Sunday. CBI arrests 3 for ₹ 3.81 cr cyber fraud using mule accounts The agency has arrested mule account holder Sudhir Bhaskar Palande and agents Yash Thakur and Shaurya Sunilkumar Singh, who have been sent to judicial custody, they said. Acting on a tip-off, the CBI booked a mule account holder and unidentified cyber scamsters, bank officials and others for allegedly committing cybercrime using a mule account in which ₹3.81 crore was siphoned off on July 2 from various victims. A mule account is a bank account used by scamsters to move illicit money. The crime proceeds were promptly dispersed to more than 100 mule accounts across India in the scheme's first layer, a CBI spokesperson said. The money was then routed through thousands of additional accounts in a sophisticated attempt to obfuscate their origin before reaching the principal fraudsters. 'During the investigation, CBI unearthed the entire conspiracy of opening of said mule accounts by the bankers and the middlemen without proper KYC norms or customer due diligence or initial risk assessment," the spokesperson said. She said the actions were in violation of the guidelines issued vide the RBI Master circular. The CBI searches resulted in the seizure of a trove of incriminating documents and digital evidence, mobile phones, iPads, bank account opening documents, transaction details, KYC documents, etc. "Identification of individuals, including the middlemen involved in the opening of mule accounts in Mumbai, facilitating arrangements of stay of an account holder in Nagpur and transferring of funds to other mule accounts through agents in Nagpur was done by the CBI," she said. It was also found that agents in Nagpur and mule account holders received their commission in cryptocurrency which was further distributed among the co-conspirators, the spokesperson said. This article was generated from an automated news agency feed without modifications to text.
News18
2 days ago
- News18
CBI arrests 3 for Rs 3.81 cr cyber fraud using mule accounts
Agency: New Delhi, Jul 27 (PTI) The CBI has arrested three persons for allegedly siphoning off Rs 3.81 crore through online fraud in a single day using mule accounts, officials said on Sunday. The agency has arrested mule account holder Sudhir Bhaskar Palande and agents Yash Thakur and Shaurya Sunilkumar Singh, who have been sent to judicial custody, they said. Acting on a tip-off, the CBI booked a mule account holder and unidentified cyber scamsters, bank officials and others for allegedly committing cybercrime using a mule account in which Rs 3.81 crore was siphoned off on July 2 from various victims. A mule account is a bank account used by scamsters to move illicit money. The crime proceeds were promptly dispersed to more than 100 mule accounts across India in the scheme's first layer, a CBI spokesperson said. The money was then routed through thousands of additional accounts in a sophisticated attempt to obfuscate their origin before reaching the principal fraudsters. 'During the investigation, CBI unearthed the entire conspiracy of opening of said mule accounts by the bankers and the middlemen without proper KYC norms or customer due diligence or initial risk assessment," the spokesperson said. She said the actions were in violation of the guidelines issued vide the RBI Master circular. The CBI searches resulted in the seizure of a trove of incriminating documents and digital evidence, mobile phones, iPads, bank account opening documents, transaction details, KYC documents, etc. 'Identification of individuals, including the middlemen involved in the opening of mule accounts in Mumbai, facilitating arrangements of stay of an account holder in Nagpur and transferring of funds to other mule accounts through agents in Nagpur was done by the CBI," she said. It was also found that agents in Nagpur and mule account holders received their commission in cryptocurrency which was further distributed among the co-conspirators, the spokesperson said. PTI ABS ARI view comments First Published: July 27, 2025, 19:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
