The Central Bureau of Investigation announced the arrest of two bank officials for their alleged involvement in opening and operationalising mule accounts that were later used for cyber fraud. The arrests followed analysis of digital evidence gathered during an ongoing investigation into organised cybercrime networks using such accounts for illicit fund transfers. According to the CBI, the officials actively assisted cyber fraudsters by facilitating the creation and use of mule accounts, guiding money mule transactions, and advising on methods to evade system-generated red flags. Evidence also indicates that the officials received quid pro quo for their role in the conspiracy. These arrests come after earlier nationwide searches at 61 locations, the arrest of 13 accused, and the filing of charge sheets under provisions of the IPC/BNS and the Prevention of Corruption Act. The two accused were arrested on 24 December 2025 and are being produced before the competent courts after transit remand. Investigations into the role of other bank officials are continuing.
Central Bureau of Investigation
Press Releases
24-12-2025
CBI ARRESTS TWO BANK OFFICIALS INVOLVED IN OPENING AND OPERATIONALIZING OF MULE ACCOUNTS FOR CYBER FRAUD
The Central Bureau of Investigation (CBI) has arrested two bank officials involved in opening of mule accounts in conspiracy with organized cyber criminals and these accounts were later used in fund transfer in cyber frauds.
During the course of investigation of a CBI case registered in connection with the mule accounts opened for committing Cybercrime frauds and based on the analysis of the digital devices, sufficient evidence has been gathered by CBI against the then Assistant Manager, Canara Bank, Patna, and the then Business Development Associate of Axis Bank, Patna. These two bankers have played active roles in opening and operationalizing the mule accounts and further guiding the cyber fraudsters in money mule transactions. Evidence has also been gathered to prove that these bankers have received quid pro quo for assisting the Cyber fraudsters as part of the conspiracy. These arrested accused have also advised the cybercrime fraudsters how to avoid the system generated red flags.
It may be recalled that CBI had earlier conducted searches at 61 locations across the country and arrested 13 accused in connection with opening and operating of mule accounts and filed charge sheets against them recently for various offences under IPC/BNS and Prevention of Corruption Act. The two bankers have been arrested today, i.e., 24.12.2025 at Varanasi, UP and Betia, Bihar respectively and are being produced before the jurisdictional court after obtaining transit remand.
The role of other bank officials who are connected with the opening and operationalizing of mule accounts is under investigation. Investigation in this case is continuing.
The action is part of ongoing commitment of Govt of India to sternly deal with cybercrime and its perpetrators with a special emphasis on dismantling the infrastructure behind such offences.
