In one of the biggest cybercrime crackdowns in India, Punjab Police have exposed a major international fraud network allegedly operated from Dubai. The racket reportedly targeted over 200 victims across the country and siphoned off more than ₹78.05 crore, with total suspicious transactions believed to exceed ₹100 crore.
The investigation began on September 2, 2025, after complaints regarding 53 mule bank accounts were received through the National Cyber Crime Reporting Portal. These accounts were found to have been opened within Police District Khanna and were allegedly being used for financial fraud.
Acting swiftly, authorities froze the suspicious accounts. Initial findings revealed fraud amounting to ₹43,54,771. However, as the probe deepened, the scale of the operation became clearer.
During detailed scrutiny of seven bank accounts, nine accused individuals were arrested. Interrogation revealed that the broader network operated through at least 31 bank accounts to facilitate illegal financial transactions.
Officials believe the cybercrime network was part of a larger international syndicate and are continuing investigations to identify additional links, recover funds, and trace overseas handlers.
The case highlights the growing threat of cyber financial fraud and the misuse of mule accounts to launder money. Authorities have urged citizens to remain cautious and report suspicious online transactions immediately.
