The Assam mule account racket has come under investigation after the Special Task Force (STF) arrested six people in Guwahati over an alleged organised financial fraud network with suspected links to Pakistan-based intelligence operatives. The arrests followed intelligence inputs from central agencies, including Military Intelligence’s Gajraj unit based in Tezpur.
Investigators suspect that the network used multiple bank accounts to channel money obtained through fraudulent transactions. Preliminary findings suggest that the operation extended beyond Assam and may have caused losses worth several crores of rupees. However, authorities are still examining the suspected foreign connections and the full extent of the operation.
Assam mule account racket: How the investigation began
The investigation began after authorities detected suspicious transactions in a State Bank of India (SBI) account belonging to Marjina Begum, a resident of Ganesh Nagar under Chandmari Police Station in Guwahati.
According to preliminary findings, the account received several lakhs of rupees between June 22 and August 5, 2026. The transactions took place over just 47 days. Investigators noticed that the deposited money was withdrawn almost immediately after each credit.
This pattern raised suspicions that the account was being used as a mule account. Such accounts allow fraudsters to move money through bank accounts belonging to other individuals, making it harder to identify the original source of funds.
Further investigation allegedly identified Mofijul Haque, 22, and Himangshu Das, 19, both residents of Bamunimaidan in Guwahati, in connection with suspicious transactions involving the account.
Moreover, intelligence inputs from central agencies prompted the STF to examine whether the financial activities had connections with a wider network operating beyond the state.
Six arrests made during STF operations
Following the initial findings, the Assam STF launched a targeted operation on October 28, arresting Marjina Begum, Mofijul Haque and Himangshu Das.
During the operation, officers seized mobile phones and documents believed to be relevant to the investigation. The STF subsequently questioned the arrested individuals to identify other people allegedly involved in the network.
According to investigators, the interrogation of Haque and Das provided leads about additional suspects. Consequently, the STF conducted further raids across Guwahati.
On October 29, officers arrested Rakib Hussain, 34, from Ganesh Nagar. The operation continued on October 30, when investigators apprehended two more suspects.
They were identified as Iftar Hussain, 25, from Uzanbazar and Arman Azuz Hoque, 20, from Ananda Nagar in Noonmati.
With these arrests, the total number of people detained in connection with the case reached six. Guwahati City Police also assisted the STF during the operations.
Assam mule account racket and suspected Pakistan links
A major focus of the investigation is the alleged connection between the Assam mule account racket and Pakistan-based intelligence operatives.
Central agencies, including Military Intelligence’s Gajraj unit in Tezpur, reportedly provided inputs that helped authorities identify the suspected financial network.
Investigators are examining whether individuals linked to the syndicate maintained contact with foreign handlers or followed instructions from outside India.
However, the suspected Pakistan connection remains under investigation. Authorities have not publicly established the complete nature of the alleged relationship or identified all individuals who may have coordinated the activities.
Furthermore, preliminary findings indicate that the syndicate may have operated across several states for approximately two years. Investigators suspect that its members used multiple mule bank accounts to move money obtained through fraudulent activities.
The alleged mastermind is believed to be operating from outside Assam and remotely coordinating other members. Police are working to establish the person’s identity and trace the network’s financial activities.
Electronic devices and financial records seized
During the raids, investigators recovered several electronic devices and financial documents that could help establish how the suspected racket operated.
The seized materials reportedly include laptops, mobile phones, electronic gadgets, bank passbooks, ATM cards and other documents.
These items are expected to help investigators examine communication records, banking transactions and possible links between the arrested individuals.
Additionally, authorities are working to trace the movement of suspected fraudulent funds through different accounts. This could help identify other account holders and establish whether the network operated through intermediaries in multiple locations.
The investigation may also reveal how the suspects recruited individuals whose bank accounts were allegedly used to receive and transfer money.
Assam STF continues search for wider network
The six arrests mark an important development in the investigation, but authorities believe the suspected network could involve additional individuals.
The Assam STF is continuing efforts to identify other members, locate the alleged mastermind and establish the complete financial trail. Investigators are also examining the possible involvement of other anti-national elements.
Meanwhile, the suspected cross-border links have added another dimension to the case. Establishing these connections will require investigators to verify financial records, communications and other evidence.
The case also highlights the risks associated with allowing unknown individuals to use personal bank accounts for financial transactions. Such arrangements can expose account holders to criminal investigations, even when they claim they were unaware of the wider activities.
Overall, the Assam mule account racket investigation remains ongoing. The authorities will need to establish the roles of the arrested individuals, determine the amount of money involved and verify the suspected Pakistan connection as the probe progresses.
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