📷 Image: Wikimedia Commons / UnpetitproleX
Crime
Two Arrested in J&K for Using Mule Accounts to Transfer Illicit Funds
✍️ Daily Excelsior
🗓 29 Oct 2026, 02:16 PM
👁 12
Police in Jammu and Kashmir have booked two suspects for operating mule accounts to move illegal money.
Jammu and Kashmir police have formally booked two individuals for allegedly using so‑called mule accounts to channel illicit funds. The investigation, conducted by the crime branch, found that the suspects facilitated the movement of money through multiple bank accounts that were set up to conceal the source of the proceeds.
Mule accounts are typically created by unwitting or complicit individuals to hide the true origin of funds and evade detection by financial regulators. In this case, authorities say the two accused coordinated the transfer of illegal proceeds across several transactions, prompting a swift police response.
The suspects have been taken into custody and are expected to appear before a magistrate for further legal proceedings. No details on the amount involved or the underlying criminal enterprise have been disclosed pending the continuation of the probe.
Mule accounts are typically created by unwitting or complicit individuals to hide the true origin of funds and evade detection by financial regulators. In this case, authorities say the two accused coordinated the transfer of illegal proceeds across several transactions, prompting a swift police response.
The suspects have been taken into custody and are expected to appear before a magistrate for further legal proceedings. No details on the amount involved or the underlying criminal enterprise have been disclosed pending the continuation of the probe.