Ahmedabad Police busted mule account racket, two arrested

Ahmedabad’s Kagdapith Police on Tuesday busted a mule bank account racket from Kankaria, arresting two accused. During the investigation, police found that 55 cybercrime complaints were registered against the single private account which was being operated near Kankaria.

A youth living in Sarangpur, Jigar Zala, who was in debt, had opened a mule account with the help of his friend, Umang Gowani who was working in Indusind Bank. Both committed the fraud by collecting money from people then converting it into crypto currency.

After tracking the mule bank account holder, the police registered a case against Zala, Umang and his other friend Mukim who was also involved in the fraud racket. With swift action, police arrested Zala and Umang.

During the investigation, the police found that they used to rent bank accounts, collect money from people, transfer it to different accounts, convert it into crypto currency, and get money.