A major cyber fraud network operating through thousands of mule bank accounts has been uncovered in Belagavi, highlighting how cybercriminals are exploiting unsuspecting individuals to move illegally obtained money.
Police investigations have found that nearly 2,900 bank accounts were used to channel fraudulent transactions as part of an organised cybercrime racket. These accounts were reportedly opened or shared by individuals who were lured with promises of quick commissions and easy income.
Belagavi Police Commissioner Bhushan Borase said four cases have been registered at the Cyber, Economic, and Narcotics (CEN) Police Station, and investigations are underway to trace the main operators behind the network.
According to police, cybercriminals are increasingly targeting unemployed youth and women, persuading them to share their existing bank account details or open new accounts in return for small commissions. Once access is obtained, the accounts are used as “mule accounts” to transfer funds generated through cyber fraud.
“In several cases, people are told they will receive a percentage commission based on the amount transferred through their account. However, once the account is handed over, it becomes a route for large-scale fraudulent transactions,” Commissioner Borase said.
In one case, a youth from Belagavi allegedly opened nine different bank accounts and handed them over to cyber operators in exchange for commissions. Police found that nearly ₹80 lakh had moved through these accounts before being transferred further.
In another instance, investigators found that a man working in Dubai had allegedly opened a bank account in the name of a self-help group through his mother, which was later used to route fraudulent transactions.
Police officials said cybercriminals often approach potential account holders through fake work-from-home offers, online job opportunities and commission-based schemes, making them believe they are involved in legitimate financial activities.
Authorities have already blocked several mule accounts linked to the fraud and are analysing transaction trails to identify the masterminds behind the network.
So far, no arrests have been made, but police said efforts are ongoing to trace and apprehend those responsible.
Commissioner Borase urged citizens to remain cautious and avoid sharing their bank account details, ATM cards or online banking access with unknown individuals.
“Allowing your bank account to be used for such transactions can make you legally liable. People must understand that they may face criminal charges even if they claim they were unaware,” he warned.
Police have also appealed to the public to immediately report suspicious job offers, commission-based transfer schemes or requests to use personal bank accounts through the cybercrime helpline.
