Hyderabad Police Bust Gang Supplying 83 Mule Accounts to Online Cheats with Over 10 Crore Stolen
Law enforcement teams in Hyderabad have uncovered a large financial fraud network, arresting three local residents for creating and handing over mule bank accounts to interstate online criminals. Investigators revealed that the network gathered eighty-three different accounts across multiple cooperative and commercial bank branches. These accounts served as rapid pathways to move stolen money gathered from victims across the country, with total transactions crossing ten crore rupees within a short span of time.
The operation was carried out jointly by the Charminar Zone Commissioner Task Force and the Attapur police department. Acting on secret ground tips, officers tracked down three young men from the Shahgunj area of Hussaini Alam. During the raid, police seized eight original bank passbooks from cooperative banks along with three mobile handsets used to coordinate banking transactions and manage communication with interstate handlers.
Police officials explained that the gang followed a calculated method to trap innocent and poor people. The accused approached local college students, laborers, and low-income workers, offering them quick cash payments or commissions in exchange for opening fresh bank accounts. Once an account was activated, the handlers did not let the original holder touch the money. Instead, the gang collected full banking starter sets, including original physical passbooks, cheque books, active debit cards with secret pin numbers, and mobile phone SIM cards linked to internet banking alerts.
After gathering these complete kits, the local agents packed them into postal parcels and sent them by road courier to primary cyber handlers operating out of Jaipur, Rajasthan. Each finished banking kit was allegedly sold for twenty thousand to twenty-five thousand rupees. The interstate scam artists then used these fresh credentials to receive stolen money from online investment frauds, digital arrest calls, and illegal loan app traps.
A deep verification across the National Cyber Crime Reporting Portal uncovered shocking details about the reach of this network. Records proved that at least eleven of these accounts were directly tied to fourteen major cheating complaints registered in states including Maharashtra, Uttar Pradesh, Gujarat, Karnataka, Kerala, Delhi, and Telangana. In each case, large sums of money were deposited by deceived victims and withdrawn on the very same day through cash dispensing machines or transferred out into multiple layers, making recovery very difficult for investigators.
The accounts were spread across twenty-two different branches in the city to avoid raising suspicion with bank security monitors. Most of the setups were created in urban cooperative banks in areas like Begum Bazar, Charminar, Attapur, and Champapet. Police noted that smaller cooperative banks were intentionally chosen because opening formalities were often checked less strictly compared to major nationalized banking institutions.
Authorities confirmed that two main handlers from Rajasthan, along with two other local associates, remain on the run. Special police squads have been formed to track down the absconding suspects, trace the origin of the phone calls, and freeze remaining money balances held in the compromised accounts. Criminal cases have been registered under strict provisions of the Bharatiya Nyaya Sanhita and the Information Technology Act.
Senior police leaders issued an urgent public advisory warning ordinary citizens never to rent, lend, or sell their personal bank accounts, cards, or mobile numbers to strangers. Officials warned that anyone who hands over their account documents for cash gifts will be treated as an active partner in crime, facing frozen accounts, criminal trials, and potential jail time. Residents who believe their bank details have been stolen or misused were urged to report immediately to the official national cyber helpline number nineteen thirty or notify local branch managers without delay.