Three Accused in ₹324-Cr Mule Account Racket Get Bail Within 4 days

Three accused arrested by the CID Cyber Crime Branch in a high-profile cyber fraud case involving the alleged operation of mule bank accounts used to siphon off crores of rupees have been granted conditional bail by the Chief Judicial Magistrate’s court within four days of their arrest.

The court of Chief Judicial Magistrate D.H. Khambhati granted conditional bail of ₹15,000 each to the accused — Patel Dixit, Sumit Soni and Patel Nikunjkumar. The swift release of the accused in a serious cyber fraud case has sparked discussions within the metro court premises over alleged lapses in the CID Cyber Crime Branch’s investigation.

Court notes absence of victim in police complaint

While granting bail, the court observed that the police complaint did not mention any victim of the alleged fraud.

The court further noted that despite the accused having remained in police custody for 72 hours, investigators had failed to extract any crucial information from them. Therefore, the court held that there were no grounds to keep the accused in custody for a longer period.

Allegations of operating mule bank account racket

Cases involving mule bank accounts—where poor and financially vulnerable individuals are allegedly lured into opening bank accounts used for cyber fraud—have been on the rise across Gujarat and other parts of the country.

Recently, the State Monitoring Cell had uncovered transactions worth more than ₹324 crore through mule bank accounts during a raid in Ahmedabad’s Nikol area.

Subsequently, the CID Cyber Crime Branch received information that a group operating from Amraiwadi had allegedly opened firms and mule bank accounts in their own names and in the names of others to facilitate transactions worth crores of rupees.

Acting on the tip-off, CID Cyber Crime officials arrested Patel Dixit, Sumit Soni and Patel Nikunjkumar from the CTM area on July 14, 2026. Two other accused, Govind Patel and Rajubhai alias “Devil” of Dholka, are currently absconding.

Laptop, mobile phones and bank documents seized

During the investigation, police seized a laptop, mobile phones, 32 debit cards and eight cheque books from the accused. The investigators had secured two days’ police remand after producing them before the court.

After the remand period ended, the accused moved the court for bail through senior advocate Bharat Shah.

The defence argued that the arrests had been made merely on suspicion and that Rajubhai was the main accused in the case. The counsel also pointed out that the police complaint did not identify any victim and that the accused had remained in police custody for 72 hours without any incriminating evidence emerging against them.

The defence further argued that the offences invoked in the case carry a maximum punishment of seven years and assured the court that the accused would comply with all conditions imposed by the judiciary. Accepting these submissions, the court granted them conditional bail.