Police have seized 21 accounts in Kashmir after busting 7.2k accounts connected to cyber fraud.
A mule account is one that is created by anybody at the request of a cybercriminal in exchange for a commission. It is open for a few days and is used to deposit money from victims of cybercrimes.
In a significant discovery, the Jammu and Kashmir cyber police have detained 21 individuals and discovered 7,200 mule bank accounts in Kashmir that have been used in cybercrimes to launder crores of dollars through phony investment websites and betting schemes this year.
According to the police, money is funneled through cryptocurrency and layered using mule accounts that are hired on Facebook or Telegram, managed from overseas, and active for a few days.
According to Imtiyaz Hussain, the senior superintendent of police (SSP) of Srinagar, the network was discovered during recent investigations.
Police in Srinagar have recently discovered a vast network of online scams. We have witnessed a massive mule account opening. That money gets to the scammers in a very short period of time," he stated.
A mule account is one that is created by anybody at the request of a cybercriminal in exchange for a commission. It is open for a few days and is used to deposit money from victims of cybercrimes.
According to our studies, since January 1, 2025, 7,200 such mule accounts have been opened throughout Kashmir. This is what we currently know, and there may be more," he stated.
These mule accounts are principal accounts, according to the SSP. "The money goes to these mule accounts when any victim's money is lost through identity theft, online gaming, fishing, or any other cyber fraud," he stated.
According to the police investigation, the scammers ask victims to open these accounts for a few days in exchange for a commission.
He declared, "This is a serious crime, and we have filed four FIRs so far. We have arrested 21 people, 19 of whom are from Srinagar, and we are sending them to jails."
All 7,200 persons will be taken up and questioned, according to the SSP.
The study will take some time because it is a very large network. Everyone will be held accountable. 21 people are now incarcerated. "All 7200 of these individuals will be gathered and subjected to extensive questioning," he declared.
According to the authorities, major hubs and hotspots for these types of scams have emerged in Srinagar city, some parts of Kashmir, and even Jammu.
The SSP stated that many Indians from this region have been drawn to nations like Myanmar, Vietnam, Thailand, or the Philippines, while also disclosing the scammers' method of operation.
The cyber frauds are then carried out from there. These cyber frauds occur when users use social media and reply to deceptive advertisements. Eleven individuals, including a girl, were recently returned from J&K," he stated.
People were warned by the police not to open mule accounts. "I would like to warn that anyone who has created mule accounts or obtained funds through cyber fraud faces severe legal repercussions. He stated that ten years is the minimum penalty for cyber fraud.
"The Cyber Crime Coordination Center, I4C, Ministry of Home Affairs, New Delhi, provided us with a great deal of assistance in uncovering these 7200 accounts," the SSP stated.
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