Cyber Police Kashmir Busts Mule Bank Account Racket; 50 Booked, 2 Kingpins Nabbed

By Sameer Ahmad Baba

Srinagar, April 14 (PTK): In a major crackdown on cyber fraud and money laundering operations, the Cyber Police Station Kashmir Zone, Srinagar has taken preventive legal action against 50 individuals found linked to mule bank accounts. Two alleged masterminds behind the operation have also been arrested, with several others currently under watch.

According to officials, mule accounts—bank accounts opened or rented by individuals in exchange for commissions—are being extensively misused by cybercriminal syndicates, including international fraud networks. These accounts serve as channels for laundering money obtained through fake investment schemes, phishing scams, and illegal betting platforms.

“These may appear to be regular accounts, but they play a critical role in a chain of digital crimes. Anyone who rents or permits their account to be used for such purposes will face strict legal consequences,” said the Superintendent of Police, Cyber Crime Kashmir, while speaking to Press Trust of Kashmir (PTK).

The cyber unit, with support from national cybercrime coordination agencies, is deploying digital forensics and financial tracking tools to dismantle these networks. The public has been urged to remain cautious and alert regarding their financial information.

“If anyone suspects their bank account is being misused or if they were tricked into renting it out, we urge them to come forward voluntarily. Reporting suspicious digital activities can help us curb cybercrime,” added the SP.

Authorities reminded citizens that knowingly or unknowingly facilitating such fraud is a punishable offense under the law. The Cyber Police has provided a helpline number for the public to report such cases and seek assistance.

Stay tuned to Press Trust of Kashmir (PTK) for continuous updates on this developing story.