Srinagar, Apr 24: In a recent development, the Cyber Police Station in Kashmir Zone, Srinagar, has uncovered a significant scheme involving the setup of mule bank accounts.
These accounts serve as conduits for the illegal transfer and receipt of funds on behalf of cybercriminals. The operation targets vulnerable groups, including homemakers, the economically disadvantaged, auto-rickshaw drivers, laborers, and local vendors.
The illicit funds, often acquired through online scams such as investment fraud, phishing, or identity theft, are discreetly moved between multiple accounts to avoid detection. Perpetrators, operating from outside the UT of Jammu and Kashmir, entice victims through emails, chatrooms, or social media, offering inducements in exchange for the use of their bank accounts. Unwittingly, victims facilitate illegal transactions through these mule bank accounts, funneling money to the criminals’ primary accounts.
In response, the Cyber Police Station in Kashmir Zone, Srinagar, has lodged a case under relevant legal provisions and launched a comprehensive investigation. Subsequent inquiries have revealed numerous mule accounts operating across various districts of Kashmir Zone, with transactions amounting to crores of rupees.
Four individuals from Srinagar city have been identified as orchestrating and managing these mule bank accounts, as well as recruiting unsuspecting individuals to participate in these illegal activities. The accused have been apprehended and identified as Sajad Ahmad Rah, Tawqair Ahmad Bhat, Ubaid Ahmad Rah, and Amir Rah.
The Cyber Police Kashmir urges the public to remain vigilant against falling victim to such fraudulent schemes. Fraudsters often exploit unsuspecting individuals through personal or social media platforms, enticing them with promises of rewards, incentives, or ‘work from home’ opportunities. Participation in money mule activities is illegal and carries severe legal consequences, including imprisonment. If you suspect being involved in money laundering or unwittingly acting as a money mule, prompt reporting to the authorities is crucial.
Cyber Police Kashmir Zone Srinagar Busts Major Mule Account Racket in Kashmir Valley; FIR Filed
