CBI arrests three in cybercrime case

The Central Bureau of Investigation (CBI) arrested three persons after registering a cybercrime case against a mule account holder and unknown cyber fraudsters. An amount of ₹3.81 crore was received in the mule account on July 2, the CBI officials said on Sunday (July 27, 2025).

The three accused have been identified as Sudhir Bhaskar Palande, the mule account holder, Yash Thakur, the agent, and Shaurya Sunilkumar Singh, an operator.

According to the officials, the case was filed after verification of the account. The CBI Economic Offences Branch (EOB) Mumbai received specific information and registered a case against the account holder; unknown cyber fraudsters, unknown bank officials, and unknown others for committing a cybercrime of ₹3.81 crore.

“The said account received ₹3.81 crore in a single day on July 2 from various cyber victims. On receiving credits in the said account, the money was transferred to more than a hundred mule accounts opened pan India in the first layer,” said the CBI officials, adding it was further transferred/layered to thousands of accounts before reaching the actual cyber fraudsters.

During the investigation, the CBI unearthed the entire conspiracy of opening the mule account by the bankers without “proper KYC norms” or “Customer Due Diligence” or “Initial Risk Assessment”.

The CBI seized several documents and digital evidence, mobile phones, an iPad, bank account opening documents, transaction details, and KYC documents during the search operation. The Central agency also found that the agents involved in the case and the mule account holder received their commission in cryptocurrency, which was further distributed among the co-conspirators.