Cyberabad Police arrest seven persons for facilitating online trading fraud through mule accounts
The cyber crimes wing of the Cyberabad Police arrested seven persons for facilitating an online trading fraud by opening, operating and supplying mule bank accounts
The cyber crimes wing of the Cyberabad Police arrested seven persons for facilitating an online trading fraud by opening, operating and supplying mule bank accounts used to route proceeds from cybercrime. The accused were identified as Raparthi Goutham, 28, an auto driver, Senapathi Pentaiah, 56, Murapakala Kumar, 30, a private employee, and Vijjypu Satyanarayana, 44, all from Visakhapatnam; Bodala Sai Kumar, 28, a delivery executive from Odisha; Mantri Sai Kumar, 24, associated with a travel business; and Utla Satyanarayana, 27, a student from Hyderabad.
Investigation revealed that Sai Kumar collected fraud proceeds in cash and handed them over to Raparthi Goutham. Acting on the instructions of the main accused Senapathi Ganesh, Goutham delivered the cash to Senapathi Pentaiah, who received the money on behalf of the network. Police said Sai Kumar assisted in transporting and delivering the cash, helping facilitate the movement of fraud proceeds between members of the syndicate.
During follow-up operations, another police team conducted raids in Raidurgam and Manikonda and arrested Utla Satyanarayana, who was involved in operating and providing bank accounts used to channel cyber fraud proceeds. Deputy Commissioner of Police
(Cyber Crimes) T. Sai Manohar urged citizens not to share bank accounts, ATM cards, SIM cards, internet banking credentials or KYC documents with others for financial gain, warning that such acts can attract criminal liability.
The BriefWire