Daijiworld Media Network – New Delhi

New Delhi, Apr 25: Delhi Police has busted a cyber fraud facilitation network involving mule bank accounts and shell companies, and arrested two dummy directors after detecting a fund flow of over Rs 16 crore within eight days, police said on Saturday.

The accused have been identified as Sonu Kumar and Aminder Singh, who were allegedly acting as dummy directors of a private limited firm found to be at the centre of the laundering network.

Police said the case was registered following analysis of suspicious mule accounts flagged on the National Cyber Crime Reporting Portal, along with inputs received through the Indian Cyber Crime Coordination Centre’s Samanvaya portal.

During investigation, a bank account linked to the company at a Bawana branch came under scrutiny after it was found connected to 336 cyber fraud complaints across multiple states.

Officials said the account showed abnormal activity and was allegedly used at various layers of the money trail.

Detailed financial analysis revealed that over Rs 16 crore was routed through the account within just eight days, pointing to a large-scale money laundering operation.

Investigators further uncovered links to over 35 suspected shell companies and a wider multi-layered network handling funds across several bank accounts.

According to police, vulnerable people were lured with job offers or commissions and made dummy directors, while the actual control of bank accounts remained with handlers operating remotely, including from outside Delhi.

The accounts were allegedly used to receive cheated money, layer transactions and transfer funds in a manner aimed at obscuring the money trail.

Police said further investigation is underway to identify and apprehend other members of the racket.