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The CBI has registered 2 abstracted FIRs against erstwhile subdivision heads of Punjab & Sind Bank successful Sri Ganganagar and others for allegedly opening mule accounts which were utilized to conceal and furniture funds implicit ₹1,621 crore generated from cybercrime and different illicit activities, officials said connected Friday (January 16, 2026).
The bureau has taken enactment based connected its preliminary enquiry, which exposed 13 mule accounts successful the bank's Government Girls Senior Secondary School subdivision successful Rajasthan's Sriganganagar and 4 specified accounts successful the main subdivision of the slope successful the territory done which ₹1,621 crore of illicit funds generated done cyber crimes and different frauds were laundered, they said.
The bureau has booked erstwhile main manager and caput of the main branch, Aman Anand, and that of the Government Girls Senior Secondary School branch, Vikas Wadhwa, too respective different entities successful the case, including the companies and individuals who facilitated the opening.
The bureau recovered that respective individuals arranged forged and fabricated KYC documents, mendacious rent agreements, and different fabricated supporting documents utilized for opening these accounts.
"The said accounts were allegedly opened with the connivance and transgression conspiracy of chartless slope officials, violating KYC norms, owed diligence requirements and modular operating procedures," the bureau has alleged successful the FIRs.
A mule relationship — acceptable up utilizing falsified recognition documents — is chiefly utilized to determination oregon launder illicit money, with oregon without the cognition of the individuals whose details person been utilized to unfastened the account.
"Fake tract sojourn reports and concern verification were created by the slope officials to facilitate opening of these existent accounts successful the names of fictitious firms," the bureau FIRs alleged.
The cardinal probe bureau said each the 17 firms successful whose names the said existent accounts were opened were non-existent and created solely to unfastened and run these existent accounts utilizing forged and fabricated documents.
It is further revealed that important transactions worthy thousands of crores of rupees were routed done these mule accounts done assorted banking channels and integer platforms, the FIRs alleged.
"These accounts were subsequently utilized to route, furniture and transportation proceeds of cyber-crime and different illicit activities," the bureau alleged.
The CBI said the accused persons made illicit summation for themselves and corresponding "wrongful reputational loss" to the Punjab & Sind Bank.
"Besides this, if the allegations of wealth laundering are made out, the accused persons person besides exposed the slope to the hazard of penalties, thereby placing the slope successful a presumption wherever it is apt to endure fiscal nonaccomplishment connected relationship of specified penalties arsenic well," the CBI FIRs alleged.
