The Telangana State Cyber Security Bureau, along with Nirmal police, arrested a man named Pranay Shinde (26) for his involvement in cyber fraud. He was found with multiple mobile phones, bank passbooks, chequebooks, ATM cards, and SIM cards.
Pranay and his associates opened many mule bank accounts across different banks by convincing villagers to use their credentials. They would then take control of the account details and provide SMS alert numbers connected to the accounts.
Pranay Shinde was also involved in online cricket betting, where he earned commissions by referring customers to betting apps. He supplied bank accounts for online fraud and convinced villagers to open multiple accounts for commission.
Approximately 125 mule accounts were opened by Pranay and his associates, which were used for large-scale transactions by unknown persons. An investigation is ongoing to uncover the entire network.
