For the best experience use Mini app app on your smartphone
What is mule account fraud?
short by Dharini Mudgal / on 08 Sep 2025,Monday
Under mule account fraud, criminals use bank accounts (mule accounts) to receive/transfer or launder illicit money without the account holder's knowledge, Bajaj Finserv reported. Criminals use these accounts to obscure the money trail, making detection difficult. They lure individuals, students and job seekers via online ads with promises of quick cash in exchange for "renting" their bank account.
short by Dharini Mudgal / 05:17 pm on 08 Sep
For the best experience use inshorts app on your smartphone