Seven bank officials arrested in Cyberabad for aiding cyber fraud through mule accounts
Cyberabad Police arrested seven bank officials in a crackdown on insider involvement in cyber fraud, revealing their role in creating mule accounts by bypassing KYC norms. The arrests were part of 'Operation Crackdown' led by the cyber crimes wing, targeting collusion between bank employees and fraudsters. The accused allegedly opened accounts illegally in exchange for commissions across five cases registered in 2026.
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Cyberabad Police arrested seven bank officials as part of a special crackdown on insider involvement in cyber crime, exposing how banking personnel facilitated large-scale fraud by enabling the creation of mule accounts.The arrests were made under 'Operation Crackdown', an initiative led by the cyber crimes wing, following investigations into multiple cases where bank employees were found colluding with fraudsters and account suppliers. Police said the accused had illegally opened current accounts by bypassing mandatory due diligence and Know Your Customer (KYC) norms, in exchange for commissions in five different cases booked in 2026.
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