Hyderabad: 5 held for providing 'mule' bank accounts to cyber criminals
Hyderabad, May 19 -- Police have apprehended five individuals involved in opening 'mule' bank accounts used by cyber fraudsters. Officials seized 65 bank account kits, 14 debit cards, 31 SIM card pouches, and six mobile phones from the accused.
The accused has been identified as Arif Saifi, 40, from Uttarakhand and Hyderabad residents Mohd Abdul Naveed, 30, Sohail Khan, 20, Mohd Dade Khan, 21, and Sohail Khan, 25.
These bank accounts were used to facilitate large-scale financial fraud targeting unsuspecting victims. The investigation revealed that the mastermind, Arif Saifi, a civil foreman in Saudi Arabia, met Zaid from Muradabad, UP, and Sandeep Singh from Punjab in Sharjah in February 2023. They were involved in cryptocurrency transa...
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