<h1>Cyber fraud using mule bank accounts and fake firms exposed, arrests follow after Rs 826 crore allegedly routed and laundered</h1> Report describes a nationwide cyber fraud scheme where intermediaries opened multiple bank accounts in names of fake companies and supplied them to cybercriminals, facilitating transfer and withdrawal of proceeds totalling approximately Rs 826 crore; offenders allegedly used SMS, WhatsApp and Telegram to create fake identities and induce victims to transfer funds, then routed proceeds through cash withdrawals and hawala, with intermediaries paid commissions per account. Law enforcement investigations led to arrests of individuals believed to have opened and managed mule accounts and to identify 1,229 linked cybercrime incidents; banking concealment and hawala routing are central elements for criminal and financial investigation.