TIMES OF INDIA · 2026-10-30 18:16 UTC

Workers' KYC used to route Rs 24cr via crypto, hawala; kingpin held

Police in Jaipur arrested Vikas Dhaka, accused of operating a mule account syndicate that routed Rs 24 crore in cybercrime and illegal betting proceeds over two years. Workers' KYC documents were allegedly used to open bank accounts and merchant payment channels, which were sold to criminals who converted funds to USDT cryptocurrency. Proceeds were allegedly moved through hawala and cryptocurrency networks linked to Dubai before being repatriated to India as legitimate funds.

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