Raids underway as CIK launches crackdown on mule bank accounts

The Jammu and Kashmir Police’s Counter Intelligence Kashmir (CIK) on Wednesday launched a major crackdown on a network of suspected mule bank accounts allegedly used for cyber fraud and terror financing, conducting coordinated raids at multiple locations across the Valley, officials said.

They said that more than 10 locations were searched in Srinagar district alone, with simultaneous operations reported from other parts of Kashmir.

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Officials said, “The action is part of an ongoing investigation into layered financial transactions believed to be facilitating online scams and channeling funds to terror networks.”

More details about the raids are awaited.