Rajkot Police Uncover ₹1,500 Crore Nationwide Cyber Fraud Network Under Operation Mule Hunt

New Delhi / Rajkot: The Rajkot Rural Police intensifies its investigation under “Operation Mule Hunt” and uncovers a massive cyber fraud network estimated to involve around ₹1,500 crore across India. 

Police say the operation targets a sophisticated money laundering and fraud system that operates through mule bank accounts.

Investigators arrest three more accused, including the alleged kingpin identified as Adiluddin Mohammad from Telangana and two Rajkot residents Mihir Rangani and Hiren Limbasiya, taking the total number of arrests in the case to nine. 

One suspect remains absconding as the search operation continues.

The probe reveals that the accused open mule accounts mainly in Yes Bank – India, Axis Bank – India and ICICI Bank – India. These accounts are linked to marketing yard firms that handle large transactions and allegedly exploit agricultural tax exemption structures to disguise suspicious money flows.

Police find that the network routes funds related to online gaming platforms and GST-related transactions through multiple accounts to create layered financial trails and avoid detection. 

Officials state that out of the alleged ₹1,500 crore network exposure, about ₹23 crore directly connects to cyber fraud complaints registered through the national cybercrime reporting system, while the remaining amount appears associated with complex financial transfers under investigation.

Superintendent of Police Vijay Singh Gurjar states that the operation exposes an extensive cyber fraud ecosystem operating across several states. He says the investigation continues as authorities track additional financial links and identify more members connected to the network.

Operation Mule Hunt reflects the growing challenge of digital financial crime in India as cyber fraud syndicates increasingly exploit banking infrastructure, shell entities and online transaction systems to hide illicit proceeds.