Ahmedabad (PTI): Police have arrested a resident of Surat in Gujarat, identified as Chetan Gangani, for allegedly helping a gang of cyber fraudsters transfer Rs 10 crore to a Pakistan-based cryptocurrency wallet, officials said.

Gangani was taken into custody as part of an ongoing investigation into ‘mule’ bank accounts being used by scamsters to launder proceeds of cybercrime, Gujarat police CID-Crime's Cyber Centre of Excellence said in a release on Saturday.

The accused had links with six persons, arrested on November 3 from Morbi, Surendranagar, Surat and Amreli districts, for allegedly routing Rs 200 crore to Dubai-based cybercriminals using nearly 100 mule accounts, the release said.

A mule account is a bank account used by criminals to receive, transfer, or launder illicit funds

See Full Page