CBI Cracks Down On Cyber Fraud Network, Raids 42 Locations To Target 8.5 Lakh Suspect Mule Accounts

CBI Cracks Down On Cyber Fraud Network, Raids 42 Locations To Target 8.5 Lakh Suspect Mule Accounts

The CBI has launched a major crackdown on cyber fraud, conducting raids at 42 locations across India. Over 8.5 lakh mule bank accounts, spread across 700+ branches, have been flagged for their suspected role in online financial crimes.

G R MukeshUpdated: Thursday, June 26, 2025, 05:12 PM IST
article-image
The CBI has launched a major crackdown on cyber fraud, conducting raids at 42 locations across India. (Symbolic Image) |

New Delhi: The Central Bureau of Investigation (CBI) has initiated a large-scale operation targeting cyber fraud, conducting searches at 42 locations nationwide. The raids are aimed at identifying and dismantling networks using ‘mule bank accounts’—accounts often used to route money from illegal online activities.

The CBI has reportedly identified over 8.5 lakh mule accounts spread across more than 700 branches of various banks across India. These accounts are believed to play a key role in facilitating cyber frauds. The operation highlights growing concerns around digital crime and the misuse of banking infrastructure for illegal financial transactions.

The CBI has revealed that bank officials, agents, aggregators, bank correspondents, middlemen, and e-Mitras played key roles in opening mule accounts by bypassing KYC rules, customer due diligence, and risk checks. These accounts were used in various cyber frauds. The agency has filed a First Information Report (FIR) accusing those involved of criminal conspiracy, cheating, forgery, use of forged documents, and corruption under the Prevention of Corruption Act.

During the ongoing raids, the CBI seized important evidence, including documents, mobile phones, bank account opening forms, transaction records, and KYC files. These materials are critical to the investigation. So far, nine people have been arrested, including middlemen, agents, aggregators, account holders, and bank correspondents, for their involvement in the scheme. The CBI continues to investigate the matter thoroughly to bring all responsible parties to justice.

RECENT STORIES

Mcap Of 6 Top Firms Drops By ₹70,325 Crore, HDFC & ICICI Bank Lead Decline

Mcap Of 6 Top Firms Drops By ₹70,325 Crore, HDFC & ICICI Bank Lead Decline

Smarten Power Systems IPO Opens July 7, Price Set At ₹100 Per Share

Smarten Power Systems IPO Opens July 7, Price Set At ₹100 Per Share

SEBI Cracks Down On Market Abuse, Bars Jane Street From Trading

SEBI Cracks Down On Market Abuse, Bars Jane Street From Trading

Real Estate: Reap Big Benefits From A Concrete Opportunity Amidst Market Optimism

Real Estate: Reap Big Benefits From A Concrete Opportunity Amidst Market Optimism

Let’s Understand Why Rent Or Buy Choices Reflect Different Mindsets

Let’s Understand Why Rent Or Buy Choices Reflect Different Mindsets