Brief by Shorts91 Newsdesk / 04:39am on 07 Jan 2026,Wednesday India
Counter Intelligence Kashmir conducted extensive raids across 22 locations in Srinagar, Budgam, Shopian, and Kulgam, targeting a cyber fraud-terror funding network. The court-approved operation uncovered a sophisticated syndicate using "mule accounts" bank accounts opened under names of poor, unemployed, or unsuspecting individuals to launder money from cyber frauds, illegal online betting, and gaming platforms. Funds stolen through fake investment apps, phishing scams, and online extortion were rapidly transferred through multiple accounts, obscuring their origins. Investigators seized mobile phones, laptops, storage devices, and financial documents. Twenty-two suspects have been detained for questioning. Officials warn the investigation may expose a larger network extending beyond Jammu and Kashmir with potential national and cross-border dimensions, emphasizing strong legal consequences for banking system misuse. (PC: AFP)
