What happened
Rediff News (PTI) reported on 11 November 2026 that Indore police arrested five men under 'Operation Matrix' for allegedly selling their bank accounts to cyber fraudsters so stolen money could be moved. Aerodrome police station in-charge Manoj Sendhav named the accused as Raj Vaidya (20), Tushar Chauhan (22), Ayush alias Lucky Prajapat (21), Ajay Patel (21) and Ritesh Prajapat (23). Police said Raj, Tushar and Ayush allegedly opened accounts at different Central Bank of India branches and sold them to Ajay and Ritesh, who allegedly sold them on to other gang members; the accounts were used to transfer money from cyber fraud. A case was registered under the Bharatiya Nyaya Sanhita and police are seeking other gang members. The allegations are unproven.
How the scam works
Cyber-fraud groups often need other people's bank accounts, sometimes called mule accounts, to move stolen money. They recruit account holders with a promise of easy commission for renting or selling an account, or they open accounts in other people's names after collecting identity documents. Funds that then pass through the account can be the proceeds of theft, and the account holder can face investigation even if they did not take money from a victim directly. Do not rent, sell or hand over a bank account, OTP, ATM card or login, and do not agree to receive and forward money for someone you met online.
Rediff reported that Indore police, in 'Operation Matrix', arrested five people accused of selling bank accounts to a cyber-fraud group so that stolen funds could be moved on. They are accused, and the allegations are unproven. Similar mule-account cases reported the same day include a Kerala Operation Cy-Hunt case and an Assam CID arrest over accounts allegedly opened in other people's names.
Source
Rediff, 11 November 2026: https://www.rediff.com/news/report/five-arrested-for-supplying-mule-accounts-to-cyber-fraudsters/20261111.htm
https://x.com/RediffNews/status/2120528221880062414
