Delhi Police Arrests Bank Deputy Manager in Rs 67.92 Crore Mule Account Cyber Fraud Case
Delhi Police’s Cyber Police Station in East District has arrested a Deputy Manager of a cooperative bank for opening a mule account linked to 159 cyber fraud complaints across the country.
Bank Employees are advised to open bank accounts after proper scrutiny of KYC documents as the cases of mule accounts are increasing rapidly in India.
According to the police, the account was used to receive and transfer money obtained through cyber frauds. Transactions worth around Rs 67.92 crore passed through the account. During the investigation, police recovered two mobile phones from the accused.
The bank employee has been identified as Pabitra Kumar Biswal (42), a Deputy Manager at National Urban Cooperative Bank. Police said he was arrested after the investigation found alleged violations of Know Your Customer (KYC) rules and mandatory verification procedures while opening the account.
The case came to light during the examination of complaints received on the National Cyber Crime Reporting Portal (NCRP). Investigators found that a bank account maintained at the New Kondli branch of the cooperative bank was repeatedly linked to cyber fraud cases reported from different parts of the country.
Considering the seriousness of the matter, officials from the Cyber Police Station, East District, conducted an inquiry and registered FIR No. 41/2026 under relevant provisions of the Bharatiya Nyaya Sanhita (BNS).
During the investigation, police found that the account was opened in the name of Mahakal Enterprises and was shown to belong to Shailendra Kumar Yadav. However, when questioned, Yadav said that he had never opened the account, visited the bank branch, or signed any account opening documents.
Police verification showed that Yadav was not present at the bank during the relevant period. Investigators also found that the signatures on the account opening forms did not match his actual signatures.
The investigation further revealed that Yadav’s identity and documents were allegedly misused to open the account without his knowledge or consent.
According to police, bank records showed that the account opening process was verified and approved under the authority of Biswal. During questioning, the accused allegedly admitted that he had neither physically verified the firm nor visited the address mentioned in the account opening documents.
Police said the account was opened without proper verification of the applicant and without following the required KYC and customer due diligence procedures. Analysis of bank records showed that around Rs 67.92 crore was deposited into and routed through the account.
