Police Identify 2,900 Mule Bank Accounts in Belagavi Linked to Cyber Fraud Network

Police in Belagavi, Karnataka, have uncovered a large cyber fraud network involving nearly 2,900 mule bank accounts that were allegedly used to channel money obtained through online scams. Investigators say cybercriminals have been targeting unemployed youth and women, persuading them to open new bank accounts or share access to their existing ones in return for a small commission.

According to officials, the accounts were used by fraudsters to transfer and withdraw funds collected from victims across different parts of the country. The police believe the mule accounts played a crucial role in laundering money obtained through various forms of Cyber Fraud, including online investment scams, phishing attacks and digital payment fraud.

How the Fraud Network Operated

Investigators revealed that cybercriminals typically approach individuals facing financial difficulties and offer them money in exchange for opening bank accounts. In some cases, victims were asked to provide ATM cards, internet banking credentials or mobile numbers linked to their accounts.

These accounts were then used by fraudsters to receive funds from scam victims. Once the money was deposited, it was quickly transferred to other accounts or withdrawn to avoid detection.

Police say the network relied heavily on such “mule accounts” to hide the identity of the actual masterminds behind the cybercrime operations.

Targeting Vulnerable Individuals

Authorities said the suspects deliberately targeted unemployed youth and women, particularly those looking for quick income opportunities. Many were allegedly promised small commissions for allowing their accounts to be used for transactions.

However, officials warned that individuals who share their bank account details can also face legal consequences, as such accounts become part of criminal financial networks.

Investigation and Action

The Karnataka Police have begun a detailed investigation to identify the people operating the cyber fraud syndicate. Authorities are also working with banks and cybercrime units to trace financial transactions linked to the 2,900 accounts.

Police officials said efforts are underway to freeze suspicious accounts, track the movement of funds and identify the main accused involved in organizing the scams.

Rising Cybercrime Concerns

Cybercrime cases have increased significantly across India in recent years, with fraudsters using sophisticated digital methods to target unsuspecting victims. Law enforcement agencies have repeatedly urged people to remain cautious while sharing banking details online.

Authorities have advised citizens not to open bank accounts for others or share sensitive financial information, as such actions can unknowingly help criminals conduct illegal activities.

Public Awareness Campaign

Police in Belagavi have also started awareness campaigns to educate the public about the risks of becoming part of mule account networks. Officials are encouraging people to report suspicious offers that involve using personal bank accounts for financial transactions.

As the investigation continues, law enforcement agencies hope that tracking these thousands of mule accounts will help dismantle the larger cyber fraud network operating behind the scenes.