MP’s Satna district turning into fertile ground for mule accounts used for cyber fraud, suspected terror funding

BHOPAL: Considered as the hub of cement industries in the country, Satna district in the Vindhya region of Madhya Pradesh is turning out to be a fertile base for mule accounts –which are being used not just to park and move money earned by cyber fraudsters, but also serving as route for transfer of funds of suspected terror financing.

Mule account refers to a bank account that is used to facilitate illegal activities such as money laundering and fraudulent transactions.