How bank insiders enabled cyber fraud: CBI exposes nexus among Canara Bank's manager, Axis Bank's BD and money mule operators

Central Bureau of Investigation (CBI) arrested two bank officials for accepting bribes. They helped cyber criminals open mule accounts for money laundering. These accounts were used to transfer funds from cyber frauds. The officials also advised criminals on avoiding detection. This operation highlights how bank insiders enable cybercrime. Investigations are ongoing.