Mule Account Fraud: CBI Arrests Absconding in Rs.3.81 Crore Cyber Fraud Case in IndusInd Bank

The Central Bureau of Investigation (CBI), Mumbai, has arrested absconding accused Neeraj in connection with a major cyber fraud case.

The case was registered in July after it was found that the mule account of Sudhir Palande was used to receive ₹3.81 crore. This amount was fraudulently collected from cybercrime victims in a single day. The money was then diverted to various other accounts on the same day.

During the investigation, it was revealed that Neeraj had convinced co-accused Sudhir Palande (currently in judicial custody) to open a mule account in IndusInd Bank. Into this account, ₹3.81 crore—proceeds of crime—was deposited. Neeraj also arranged Sudhir’s travel from Mumbai to Nagpur to operate this account and manage the transfer of the illicit funds.

Through sustained technical surveillance, local intelligence, and physical tracking, the CBI was able to trace and arrest Neeraj, who had been absconding.

In this case, a preliminary chargesheet has already been filed, and three accused are presently in judicial custody. The arrest of Neeraj is seen as an important step in strengthening the prosecution, uncovering new facts, and helping to identify other unknown accused.

Neeraj was produced before the CBI Special Court, which remanded him to CBI custody. The investigation is still ongoing and more details will be released soon.