Four Arrested for Operating Mule Bank Accounts in Hyderabad

The accused were identified as Jawwad Qadri Rifai and Mohammed Naushad, who allegedly acted as mule account providers; Pamula Pranavaraj, sales manager Shankar Rathi, branch manager, at a mercantile co-operative bank and police said Jawwad and Naushad, along with Mohd Anas Khan and others, rented a shutter at Pahadishareef, created a fake rental agreement, and submitted forged business documents to open



a current account.

Shankar and Pranavaraj allegedly facilitated the process. ATM cards, cheque books, passbooks, SIM cards and internet banking access were then handed over to fraudsters. 

In October 2025, Rs 6,67,565 defrauded from a victim was credited into one such account. The account holders reportedly received commissions, while the bank officials enabled the opening and operational control of the accounts.