Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • National
  • Health
  • Anchor
  • Features
  • Interview
  • Video
  • Sports
Search

Archives

  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • SEO
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Cyber Police Kashmir cracks down on rising trend of cyber frauds through mule bank accounts in the valley 
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • National
  • Health
  • Anchor
  • Features
  • Interview
  • Video
  • Sports
Search
  • Top Stories
    • Developing Story
    • Anchor
    • Breaking
    • Business
    • Editorial
    • Education
    • Features
    • Health
    • Interview
  • More
    • National
    • Politics
    • Opinion
    • Technology
    • Sports
    • Trending
    • World
  • Kashmir
    • City
    • Jammu
    • Jammu and Kashmir News
    • Kashmir Tourism
    • Kath Bath
    • Video
    • Viewpoint
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Breaking > Cyber Police Kashmir cracks down on rising trend of cyber frauds through mule bank accounts in the valley 
Breaking

Cyber Police Kashmir cracks down on rising trend of cyber frauds through mule bank accounts in the valley 

RK Online Desk
Last updated: April 6, 2025 2:53 pm
RK Online Desk
Published: April 6, 2025
Share
4 Min Read
SHARE

Cyber Police Station Kashmir Zone, Srinagar, has unearthed a sprawling and sophisticated network involved in the creation and management of mule bank accounts, which have become critical tools in the execution of large-scale cyber fraud and financial crimes.

As per the statement issued by Police, A mule bank account is an account used to receive and transfer illicit funds on behalf of others, often in return for a commission. These accounts—belonging to individuals, shell companies, and enterprises—are primarily scouted through social media platforms such as Telegram and Facebook, and are then remotely controlled by fraudsters operating from outside Jammu & Kashmir and even from overseas.

Once these accounts are set up, they are integrated into illegal payment gateways and used by criminal syndicates to collect deposits from victims on fake investment websites, offshore betting and gambling platforms, and fraudulent stock trading portals. Funds received in these mule accounts are immediately layered and diverted to other accounts or converted into cryptocurrency to obscure the money trail.

Bulk payout facilities provided by banks are also being misused in this process to distribute proceeds quickly. These accounts typically remain active for a short span—often less than a week—before being flagged due to suspicious transactions. However, within this brief window, transactions worth crores of rupees are executed and funneled across a chain of accounts.

Cyber Police Kashmir has also discovered that several local kingpins are managing the operations of these accounts, acting as recruiters and handlers. These individuals onboard people—often from economically weaker sections—by offering commissions for account access.

In response to a request by Cyber Police Kashmir, the Indian Cyber Crime Coordination Centre (i4C), MHA, New Delhi has shared a list of 7,200 mule bank accounts operating from the Kashmir Valley alone—created since January 2025. This figure is expected to be much higher as the investigation progresses.

To date, Cyber Police Kashmir has registered 04 FIRs, and more are underway. Preventive security action has been initiated against 21 individuals, 19 of whom belong to Srinagar district.

The hotspots for mule account activity include areas like Mehjoor Nagar, Natipora, Nowgam, Lasjan, Padshahibagh, Nowhatta, Khanyar, Rainawari, Soura, Batmaloo, Noorbagh, Qamarwari, Parimpora, Mujgund, Bemina, among others. Similar activities have been reported in other districts including Ganderbal, Kangan, Sumbal, Bandipora, Baramulla, Pulwama, Anantnag, Kulgam, and Shopian.

Cyber Police Station Kashmir Zone, Srinagar, has strongly advised citizens not to sell or rent their bank accounts, company registration certificates, or Udhyam Aadhaar registration documents to any individual or entity. Any such involvement in laundering illicit funds could result in serious legal consequences, including arrest under provisions related to organized crime and cyber fraud.

Banks are being encouraged to strengthen checks to detect misuse of accounts for illegal payment gateways.

Citizens are urged to report any suspicious cyber activity immediately via helpline 1930 or online at www.cybercrime.gov.in. Cyber Police Kashmir remains fully committed to dismantling these networks and securing the financial ecosystem of the Valley.

Chief Secretary calls for third-party audit of JK Minerals to boost its performance, generate employment
Missing Army jawan from Kulgam recovered, joint interrogation to start shortly: ADGP Kashmir
Mughal Road Reopens After 4-Day Closure Due To Snowfall
“CBI has emerged as brand for truth, justice,” PM Modi at agency’s diamond jubilee
DIG CKR Srinagar felicitates Police officers for bravery act

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article CM Omar Abdullah grieves loss of 10-year-old boy in Tral Seminary fire incident 
Next Article Govt sincere toward reservation issue, some people politicising it: Sakina Itoo
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

Ghulam Nabi Azad expresses grief over loss of lives in Kathua cloudburst 
Breaking Jammu and Kashmir News
August 17, 2025
Kathua cloudburst: Rail Ops halted after bridge-43 flooded, restoration efforts underway
Breaking
August 17, 2025
J&K cloudburst: 7 dead in Kathua landslide; rescue and relief operations underway
Developing Story
August 17, 2025
Kathua Landslides: LG Sinha briefs Union Home Minister on rescue and relief operations
Breaking Jammu and Kashmir News
August 17, 2025

Recent Posts

  • Ghulam Nabi Azad expresses grief over loss of lives in Kathua cloudburst 
  • Kathua cloudburst: Rail Ops halted after bridge-43 flooded, restoration efforts underway
  • J&K cloudburst: 7 dead in Kathua landslide; rescue and relief operations underway
  • Kathua Landslides: LG Sinha briefs Union Home Minister on rescue and relief operations
  • Omar Abdullah visits Kishtwar, announces ex-gratia, relief for injured and house compensation.

Recent Comments

  1. Raja Mani Khan on Minor Girl Dies in J&K’s Poonch Landslide
  2. Raja Mani Khan on Srinagar: People gather in big numbers to participate in Muharram procession
  3. Shah on Relief for Employees: J&K Bank Fixes EMI-Credit Mismatch, says JK Bank Chairman
  4. Latif khan on Why Kashmir needs Stronger Private Healthcare and Health Insurance
  5. Sameer farooq mir on Qazi Irfan assumes charge as RTO Kashmir

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?