Rs 138 crore mule racket with china links busted in Telangana
KARIMNAGAR: What began as routine financial probes led Karimnagar police to uncover a network of illegal ‘mule bank accounts’ used to route cyberfraud money, with transactions estimated at around Rs 138 crore.
As the investigation unfolded under Operation Crackdown 1.0, police identified 24 accused persons and arrested 13 of them, including bank officials, on Friday. Commissioner of Police Gaush Alam, addressing a press conference, said the network facilitated large-scale fraudulent transactions through bank-linked and virtual accounts.
