Bank accounts for hire to cyber scamsters: Delhi cops bust racket

Delhi Police have dismantled a syndicate involved in an "accounts-for-hire" racket, which leased bank accounts to cybercriminals for laundering illicit gains. The syndicate would receive a 10% commission for each fraudulent deposit. Two suspects, Mukul Sharma and Lalit Kumar, both graduates from UP’s Bulandshahr, were arrested after an investigation was triggered by a complaint from a victim who was duped of around Rs 42,000. The criminals employed a common tactic, funneling money through online wallets and complex networks of bank accounts to obscure any trace. The arrested individuals, during interrogation, revealed their association with cyber fraudsters operating from Bihar, who paid them commissions for facilitating money transfers. The police are now on a hunt for other members of the syndicate.