Crackdown in State Bank of India's MSME Mule "Enterprise" Account by Ramgarh, UP Police
Suspicious transactions in State Bank of India account number 444616958956 triggered the action by UP Police through Samanvay Coordination Portal (pratimb) of I4C, Ministry of Home Affairs
Press Release, 30th April, 2026
Ramgarh cybercrime Police Station SHO registered a case of mule accounts being opened in State Bank of India on date 28-04-2026 and investigation was initiated. During the course of investigation, while verifying the name and address of the holder of State Bank account number 444616958956, it came to be known that the account was opened under MSME scheme registration of the Government of India.
Case No. 08/26, dated 29-04-2026, has been registered under Sections 111(2)(b), 111(3), 111(4), 316(2), 317(4), 319(2), 318(4) of BNS 2023
- Sections 66(B), 66(D) of IT Act 2000
"ENTERPRISE" accounts preferred for frauds:
The mule account used in cross border cybercrime had three proprietors, namely:
- Rahul Gupta, age 37 years, father – Subhash Kumar Gupta, address – Gola Road, Chatti Bazaar, near Durga Temple, Police Station Ramgarh
- Ravi Kumar Verma, approx. age 34 years, father – Ghanshyam Verma, address – Parsotiya, Pani Tanki Road, near BSNL Tower, Police Station Ramgarh, District Ramgarh
- Ajay Sharma, age 33 years, father – Yamuna Thakur, address – Chhotkakana, PO Barkakana, Police Station Patratu, District Ramgarh
The said account is registered in the name of Shri Ganesh Enterprises, against which in different states of the country in relation to illegal transfer of money, total 274 complaints have been registered.
NCRP POLICE PORTAL LINKAGES | COUNTRY WIDE CONNECTIONS (274)
- 01 Andhra Pradesh: 09
- 02 Bihar: 08
- 03 Chandigarh: 02
- 04 Chhattisgarh: 01
- 05 Delhi: 11
- 06 Goa: 02
- 07 Gujarat: 13
- 08 Haryana: 08
- 09 Himachal Pradesh: 03
- 10 Jammu & Kashmir: 03
- 11 Jharkhand: 01
- 12 Karnataka: 27
- 13 Kerala: 13
- 14 Madhya Pradesh: 04
- 15 Maharashtra: 48
- 16 Odisha: 07
- 17 Puducherry: 02
- 18 Punjab: 05
- 19 Rajasthan: 08
- 20 Tamil Nadu: 25
- 21 Telangana: 22
- 22 Uttar Pradesh: 27
- 23 Uttarakhand: 05
- 24 West Bengal: 20
"Chain" of Bank account supply
During further investigation, on questioning account holders Rahul Gupta, Ravi Kumar Verma, they stated that on the instructions of:
- Ritesh Agrawal alias Munna
- Sonu Kumar Jha they had opened current accounts in State Bank.
"High Paying" and Lucrative business of Mule Accounts
The accused informed that they have received ₹1,20,000 from Sonu Kumar Jha. During further questioning, it was found that Rahul Gupta and Ravi Kumar Verma:
- For opening new accounts used to take money
- Used to provide OTP
- Used to activate mobile banking
- Used to make accounts operational
- Used to provide accounts to cyber criminals through WhatsApp group and Telegram
- Admitted their involvement in committing cyber crime
Names and addresses of arrested accused
- Rahul Gupta, approx. age 37 years, father – Subhash Kumar Gupta, address – Gola Road, Chatti Bazaar, near Durga Temple, PS Ramgarh, District Ramgarh
- Ravi Kumar Verma, approx. age 34 years, father – Ghanshyam Verma, address – Parsotiya, Pani Tanki Road, near BSNL Tower, PS Ramgarh, District Ramgarh
- Ritesh Agrawal alias Munna, approx. age 40 years, father – Late Ghanshyam Das Agrawal, address – Saudagar Tola, Shri Shyam Street, PS/District Ramgarh; presently tenant in the house of Baidyanath Mishra, Goriyari Bagh, PO/PS Ramgarh, District Ramgarh
- Sonu Jha, approx. age 34 years, father – Paras Jha, address – Jara Tola, Ramgarh College Campus, PS Ramgarh, District Ramgarh
Cyber Cops - Raid Team involved in the investigation
- Sub-Inspector Digambar Pandey, Cyber Crime Police Station, Ramgarh
- Assistant Sub-Inspector Ranjit Kumar Yadav, Cyber Crime Police Station, Ramgarh
- Constable No. 639 Jitendra Paswan, Cyber Crime Police Station, Ramgarh
- Constable No. 439 Md. Taufeeq, Cyber Crime Police Station, Ramgarh
- Technical branch police officers and staff
Advisory for Banks
"Current" accounts are in big demand by cybercriminals owing to lenient transaction and anti-money laundering rules. They are opened using MSME Udhyam Registration Certificates. A "physical" verification of business followed by strict transaction monitoring and real time action on detection of any suspicious transaction will put a break to this trend.
It is time to re-think beyond conventional mule account monitoring. AI can definitely help on this - to identify pattern before abuse.
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