6 arrested for opening mule accounts in Chikkamagaluru

Chikkamagaluru police arrested six people on charges of defrauding several people by opening mule accounts in their names and using the accounts for illegal financial transactions.

The Cyber, Economic and Narcotics (CEN) police in Chikkamagaluru lodged a complaint against six people on July 10 based on the complaint of Ananda N., an autorickshaw driver in the city. In his complaint, Ananda stated that his relative Prashanth and others insisted him to open an account with InduInd Bank in 2023, promising him financial benefits.

Many people in the neighborhood opened accounts with the same promise. It was claimed that the defendants collected documents in order to open an account. However, none of them were given a bank passbook, ATM card or any other document.

It was learned that large transactions had been made in accounts opened in their names in recent days. It was also revealed that the accounts were involved in multiple cases of illegal financial transactions.

In his complaint, Ananda stated that the accused are Prashanth, Rahul, Sanjay, Aslam, Chethan, Sharath and employees of InduInd Bank.

On July 16, Chikkamagaluru Police Inspector Jitendra Kumar Dayama said: Hindu He said that 6 people named by the complainant were arrested. “We are investigating the transactions. These may be related to cricket betting or some illegal activities. Similar cases have been reported in Shivamogga and Bengaluru as well. Many people were involved in this crime,” he said.

He said police will also investigate whether people whose identities were used to open accounts were aware of financial transactions.