Axis Bank employees held for selling mule accounts worth ₹500 cr
Rajasthan Police has uncovered a cyber fraud racket in Alwar that operated by selling 'mule accounts' to cybercriminals, helping them launder scam money. Six people, including four employees of Axis Bank, were arrested in connection with the fraud on Sunday, PTI reported, citing police. The racket sold hundreds of current and corporate accounts to fraudsters through WhatsApp and Telegram groups.