Puri: In a major crackdown on cyber fraud, Puri Police have busted a mule bank account racket and arrested three persons allegedly involved in a cyber fraud network operating under the name of a company called “Speeding Exim Pvt. Ltd.”
According to a press reloease issued by the Cyber Police Station, Puri, the arrests were made during a special “Mule Account Drive” conducted to curb cybercrime and financial fraud in the district. The operation led to the detection of several fraudulent bank accounts used to route illegal money generated through cyber fraud activities.
The case has been registered at Cyber Police Station, Puri, under CC & EO PS Case No. 11/2026 dated March 5, 2026, under sections 318(4), 336(2), 111(3), 61(2), 3(5) of BNS along with sections 66(C) and 66(D) of the IT Act, 2000.
During the investigation, police arrested three persons who were actively involved in facilitating illegal financial transactions linked to cyber fraud. Investigators revealed that the accused lured innocent people with small monetary incentives and collected their bank accounts, ATM cards, and SIM cards.
These bank accounts were later used as mule accounts to route and transfer money obtained through various cyber fraud operations.
Further investigation revealed that the accused had floated a company named “Speeding Exim Pvt. Ltd.” which was allegedly used as a front to operate the illegal financial network. Through multiple mule accounts linked to the company, large-scale financial transactions were carried out.
Preliminary findings suggest that nearly ₹1 crore worth of illegal transactions were facilitated through these mule accounts. Police said the investigation is still underway and efforts are being intensified to identify other persons and networks connected with the racket.
The three accused have been identified as: Ahmed Topan and Abdul Kalam Azad, residents of Village Arulpuram, Veerapandi in Tiruppur district of Tamil Nadu; Abdul Aziz Sheikh (38), son of Abdul Kalam Sheikh of village Amitya, P.O. Benipur in West Bengal and Sushant Kumar Parida Birendra Kumar Parida of village Sobharampur under Town Police Station in Balasore district of Odisha.
During the operation, police seized several incriminating materials including: 15 ATM Cards; 6 SIM Cards; 7 Mobile Phones and 7 Cheque Books. Several documents related to the company Speeding Exim Pvt. Ltd. were also recovered during the investigation.
Police sources said that earlier seven cases related to mule bank accounts had already been registered at Cyber Police Station, Puri. Following this latest operation, the total number of such cases has risen to ten.
Puri Police have appealed to the public not to share their bank accounts, ATM cards or SIM cards with unknown persons in exchange for money or any other inducement, warning that such actions may lead to serious legal consequences.
Citizens have also been urged to remain vigilant against cyber fraud and report any suspicious activity immediately to Puri Police or the Cyber Crime Police Station.
For assistance or reporting cybercrime, people may contact +91-82804 91300, police said.
