📷 Image: Wikimedia Commons / Mennonite Church USA Archives
Crime
Five Arrested in Indore for Selling Bank Accounts to Cyber Fraudsters for Rs 20,000
✍️ Amar Ujala · Madhya Pradesh
🗓 11 Nov 2026, 09:34 AM
👁 20
Indore police have detained five individuals accused of offering their bank accounts to cyber scammers for a fee of Rs 20,000 each.
Indore's Aerodrome police station announced the arrest of five suspects on charges of participating in a cyber‑fraud network. The men were taken into custody after investigators traced a pattern of bank‑account sales that facilitated illegal online transactions.
According to the police, each accused offered to sell a personal bank account to fraudsters for a sum of Rs 20,000. The purchased accounts were then used to receive illicit funds and to carry out phishing and money‑laundering operations across the country.
Senior Inspector Rajesh Sharma of the cyber‑crime cell said the arrests were the result of a coordinated sting operation that began after several complaints were filed by banks noticing unusual activity. He added that further interrogation will aim to uncover the full extent of the network and identify additional victims.
The police have warned the public against sharing banking credentials and have urged banks to strengthen verification processes. The case will be forwarded to the district court for trial, and the accused remain in judicial custody pending further legal proceedings.
According to the police, each accused offered to sell a personal bank account to fraudsters for a sum of Rs 20,000. The purchased accounts were then used to receive illicit funds and to carry out phishing and money‑laundering operations across the country.
Senior Inspector Rajesh Sharma of the cyber‑crime cell said the arrests were the result of a coordinated sting operation that began after several complaints were filed by banks noticing unusual activity. He added that further interrogation will aim to uncover the full extent of the network and identify additional victims.
The police have warned the public against sharing banking credentials and have urged banks to strengthen verification processes. The case will be forwarded to the district court for trial, and the accused remain in judicial custody pending further legal proceedings.