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Branch managers, 37 mule accounts & Rs 7.3 crore racket: How labourers were lured with loan promises only to have their documents misused. Police probe Chinese link

News Snapshot:

New Delhi: Two branch managers of a private bank are under investigation for their alleged role in a mule-account network suspected of routing Rs 7.3 crore in proceeds from cybercrime. Six people have been arrested in the case, while one of the managers is absconding, according to a TOI report. Police are examining suspected cryptocurrency transactions linked to the racket and a possible connection with a Chinese national. Investigators have identified around 37 suspected mule accounts linked to 99 cybercrime complaints registered across the country.How the Rs 7.3-crore mule-account racket came to lightThe investigation began after police examined suspicious bank…

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