June 26, 2025
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Cyber criminals on the prowl: CBI detects over 8.5 lakh mule accounts; 700 bank branches used

  • June 26, 2025
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The CBI has exposed a vast network of over 8.5 lakh mule bank accounts used for laundering money from cyber fraud, spanning 700 branches nationwide. Investigations revealed forged documents and KYC lapses, leading to arrests across multiple states. Bank officials and facilitators are suspected of enabling these fraudulent accounts, violating RBI guidelines.