Bank Manager Arrested in Mumbai for Creating Mule Accounts in Digital Arrest Cybercrime Scheme

Nov 13, 2025 02:45 am CST

Axis Bank manager Nitesh Rai was arrested in Mumbai by the CBI for allegedly creating mule accounts used in digital arrest fraud schemes. The investigation revealed a pattern of organized cybercrime networks exploiting banking systems to launder funds stolen from innocent citizens, with two cybercriminals also named for bribing the bank official.