Hyderabad: Five Held for Opening 'Mule' Bank Accounts

Hyderabad: The task force on Saturday along with city cybercrime police and TS Cyber Security Bureau have arrested five members of a gang for opening ‘mule’ bank accounts and supplying them to cyberfraudsters. The arrested accused were identified Arif Saifi (Uttarakhand), Mohd. Abdul Naveed and Sohail Khan (both Dabeerpura), Mohd. Dade Khan (Kaladera) and Sohail Khan (Chandrayangutta).

Saifi went to the Gulf in 2019 and came in contact with Zaid of Muradabad, UP, and Sandeep Singh of Punjab, who said that they were engaged in the cryptocurrency Business and needed bank accounts for their transactions, They offered to pay Rs.15,000 for each account.

Safi with Fathima Begum of Chaderghat, (presently staying in Sharjah) started opening bank accounts and procuring SIM cards by offering Rs.10,000 for each account in Hyderabad through her son-in-law Naveed, son Sohail Khan and the thers. These SIM cards and bank account credentials were sent to Dubai to the cyber fraudsters.

Police have so far 82 bank account from all over the country around 125 Cybercrime fraud petitions were received.