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Three Arrested for Alleged Investment Fraud Using Mule Bank Accounts
Investigators say the suspects procured 507 bank accounts and used SMS-forwarding apps to help cyber fraudsters move investment scam proceeds.
Summary by Hindustan Times
6 Articles
6 Articles
The police have busted a massive cyber fraud ring in Bengaluru that was illegally transferring crores of rupees using 507 'mule' bank accounts. Three accused who had looted Rs 93.6 lakh in the name of share market investment have been arrested. Here are the full details of this cyber crime.
Cyber fraud ring busted, 3 arrested
CH NEWS, BENGALURU Cyber crime police have busted an international fraud ring and arrested three men for cheating a citizen out of nearly 94 lakh rupees through fake online investments. The suspects—Amit Mishra, Tausif Ahmed, and Parashuram Sadanand—lured the victim via a WhatsApp group, promising massive profits. Police seized six phones, uncovering over 507 mule […]
Coverage Details
Total News Sources6
Leaning Left2Leaning Right1Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
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