The Central Bureau of Investigation (CBI) has registered two First Information Reports (FIRs) against 19 individuals, including two former branch heads of Punjab & Sind Bank in Sriganganagar, Rajasthan. They are accused of facilitating the laundering of over ₹1,621 crore through 'mule accounts' linked to cybercrime and other illicit activities. The investigation revealed that these fraudulent accounts were opened across two branches: 13 at the Government Girls Senior Secondary School branch and four at the main branch. Former chief manager Aman Anand (of the main branch) and Vikas Wadhwa (head of the Government Girls Senior Secondary School branch) are among those booked. The CBI alleges that unknown bank officials conspired to open these accounts by violating Know Your Customer (KYC) norms, due diligence requirements, and standard operating procedures. Forged and fabricated KYC documents, false rent agreements, and fake site visit reports were reportedly used to create current accounts in the names of non-existent companies. These 'mule accounts' served as conduits to route, layer, and transfer significant sums from cybercrime proceeds through various banking channels and digital platforms. The accused individuals allegedly made illicit gains, causing reputational and potential financial losses to Punjab & Sind Bank due to possible penalties for money laundering violations. This crackdown by the CBI underscores the growing concern over insider involvement in cyber fraud within India's banking sector.