Mumbai police arrest three in cyber-fraud network linked to ₹24 crore, 2,898 SIM cards
Mumbai Police have arrested three individuals involved in a large-scale cyber-fraud network that utilized mule bank accounts and SIM cards to facilitate illegal transactions. The investigation revealed that the network handled approximately ₹350 crore, with police tracing at least ₹24 crore directly to the suspects.
Why it matters
This arrest highlights the growing sophistication of cyber-fraud syndicates in India and the critical role of 'mule' accounts in laundering illicit funds.
Mumbai Police’s Crime Branch has arrested three men accused of supplying mule bank accounts and SIM cards to a cyber-fraud network suspected of handling around ₹350 crore.
The three accused have been identified as Islamuddin Salimuddin Sheikh, 44, Yasir Nasiruddin Sheikh, 26, and Abdul Razzaq Abdul Rauf, 42. They were arrested by Crime Branch Unit 5 on September 11 and produced before the Esplanade court, which remanded them to police custody until September 19.
A case has been registered at Malad Police Station under BNS provisions relating to cheating involving delivery of property, criminal conspiracy, abetment and acts committed by several persons with a common intention. Police have also invoked Section 66(D) of the Information Technology Act, which deals with cheating by personation using a computer or communication device.
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