Srinagar, July 1: In a significant move, police in the Sopore sub-division of Jammu and Kashmir have registered FIRs against individuals involved in cyber fraud through the use of ‘money mule accounts.’
Authorities reported that the Sopore Cyber Police Station has initiated legal action against those facilitating cyber fraud by utilizing these accounts. This operation is part of a broader crackdown on cyber financial crimes and networks that assist fraudsters in laundering illegally obtained funds through third-party bank accounts.
Officials urged the public to refrain from sharing their bank account details, ATM cards, checkbooks, internet banking credentials, UPI IDs, OTPs, or any other digital banking information with anyone. They warned that individuals could face criminal charges if their accounts are used for fraudulent transactions.
The police also appealed to citizens to remain vigilant and not fall for the temptation of easy money or commissions by allowing others to use their bank accounts.
A ‘money mule’ is defined as a person who unknowingly becomes involved in a financial crime, allowing fraudsters to use their bank accounts to transfer stolen or illicit funds.
In many cases, scammers pose as employers, acquaintances, or online contacts, promising easy commissions in exchange for receiving and forwarding money.
Money mule account holders can be unwittingly or deliberately involved in these schemes. Often, individuals labeled as ‘money mules’ are deceived through job scams, phishing emails, or social media messages that entice them with quick earnings in exchange for sharing their banking details.
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