New Delhi, Nov 12
The Central Bureau of Investigation (CBI) has arrested the Bank Manager of a Private Bank in Mumbai for his active role in facilitating the opening of mule accounts, the agency said on Wednesday.
The accused, identified as Nitesh Rai, Bank Manager of Axis Bank, was arrested on November 11.
“Material collected during the investigation indicates a wider pattern of organised cybercrime networks exploiting the banking systems by opening mule accounts to layer the proceeds of Cyber Fraud amounts stolen from innocent citizens,” the agency said.