July 21 2016
Reserve Bank of India(RBI) has issued a warning to all state banks that fraudsters,Ponzi schemes and other illegal money schemers have found new methods of transferring money into accounts without the knowledge of the account holder .The central bank has warned that all idle zero balance accounts and new account opened under the flagship of Pradhan Mantri Jan Dhan Yojana (PMJDY) are vulnerable to fraudulent money mule routes of laundering as reported in Indian Express.
This particular incident came to light when an accidental discovery of a labourer’s idle bank account being used by fraudsters to receive and transfer funds to the tune of Rs 1 crore, without the account holder’s knowledge and when the income tax authorities served a notice to the Punjab-based daily wager.