India, Aug. 21 -- Rourkela: The Rourkela Police have busted a cybercrime and money laundering syndicate that operated by procuring mule bank accounts with the suspected involvement of bank officials. Fourteen persons have been arrested so far, including two employees of private banks.
According to police, the gang was running its operations from Rourkela, targeting locals to open accounts, often with forged documents and impersonation. These accounts, known as mule accounts, were later sold or rented to cybercriminals across India and allegedly had links extending to Dubai and Nepal.
The syndicate reportedly recruited petty criminals both inside and outside jails to arrange bank accounts, activate SIM cards, and forge identity documents....