.png){kind=small}
.png)
.png)
.png)
.png)
7 hours ago
6
ARTICLE AD BOX
A mule account is a bank account used by criminals to receive, transfer or launder illicit funds without the knowledge or sometimes with the complicity of the account holder.
As many as 29,391 mule accounts in Navi Mumbai, Mumbai (26,255), Delhi (19,296), Gurgaon (13,513), Bengaluru (12,439), Kolkata (8,527), Jaipur (3,869), Pune (3,264), Hyderabad (2,959), and Lucknow (2,732) — these are the top 10 hotspots for bank accounts in India used for laundering cyber crime proceeds, the Union Ministry of Home Affairs (MHA) said.
Nearly 1,47,445 mule accounts were being operated across India by cyber fraudsters from Southeast Asia until June 30 this year — an increase from 80,465 such accounts identified as of January 2024, the Government said on Sunday. A mule account is a bank account used by criminals to receive, transfer or launder illicit funds without the knowledge or sometimes with the complicity of the account holder. The other hotspots identified are Chennai with 2,605 mule accounts, Patna (2,384), New Delhi (2,334), and Ahmedabad (2,231).
“This year, around 144,492 mule accounts were identified in January, February (130,205), March (150,957), April (136,708), May (158,247), and June (147,445)… An analysis revealed this year alone, India is losing over Rs 1,000 crore monthly due to various forms of cyber fraud. More than 80% of cheating cases are recorded in the ‘financial fraud’ category,” a senior government official said, requesting anonymity.
Mahender Singh Manral is an Assistant Editor with the national bureau of The Indian Express. He is known for his impactful and breaking stories. He covers the Ministry of Home Affairs, Investigative Agencies, National Investigative Agency, Central Bureau of Investigation, Law Enforcement Agencies, Paramilitary Forces, and internal security. Prior to this, Manral had extensively reported on city-based crime stories along with that he also covered the anti-corruption branch of the Delhi government for a decade. He is known for his knack for News and a detailed understanding of stories. He also worked with Mail Today as a senior correspondent for eleven months. He has also worked with The Pioneer for two years where he was exclusively covering crime beat. During his initial days of the career he also worked with The Statesman newspaper in the national capital, where he was entrusted with beats like crime, education, and the Delhi Jal Board. A graduate in Mass Communication, Manral is always in search of stories that impact lives. ... Read More
Stay updated with the latest - Click here to follow us on Instagram
© The Indian Express Pvt Ltd
English (US) ·