On December 22, 2025, senior officials from the Central Bureau of Investigation (CBI), Department of Financial Services, and chief vigilance officers of public sector banks gathered in Chennai. The meeting aimed to review and accelerate investigations into pending bank fraud cases. A key topic was the misuse of mule bank accounts in cyber frauds. They also discussed stronger coordination between agencies to fight these crimes. This discussion came after the CBI's Operation Chakra V in June 2025. That operation uncovered roughly 8.5 lakh mule accounts used in cyber scams across more than 700 bank branches nationwide. The operation led to searches at 42 locations in five states and arrested nine accused individuals, including middlemen, agents, and bank correspondents. The CBI revealed that organised cybercriminal networks use these mule accounts for scams such as digital arrest scams, impersonation frauds, fake advertisements, investment frauds, and UPI-based thefts. Certain bank officials and intermediaries helped open and run these accounts without following proper KYC rules or risk assessments. Many accounts were opened with major lapses, like ignoring suspicious transaction alerts and failing to verify customer addresses. In the meeting, senior CBI officials and public sector bank representatives shared detailed reports on operational challenges. They discussed specific cases and agreed on steps to speed up investigations and prosecutions. They also worked to simplify procedures for securing approvals under the Prevention of Corruption Act. The agencies resolved several ongoing issues and decided to keep a structured partnership to overcome procedural delays and strengthen institutional ties. This coordinated effort aims to better tackle bank fraud and protect customers from cyber scams.