Bhubaneswar: Cyber Crime and Economic Offences police on Saturday arrested the chief agent of a Bhadrak-based mule account network in connection with an investment fraud case involving nearly Rs 92 lakh of a Bhubaneswar resident, a release said on Sunday.Pritam Nayak was the chief agent of the Bhadrak-based network that opened mule bank accounts for a larger Chinese cyberfraud syndicate, the release by Cyber Crime and Economic Offences police station added.Investigation revealed that on July 1, the complainant was lured through a social media platform and later a WhatsApp group, ‘Financial Insights Exchange’, with promises of doubling his investment. Falling prey to the fraudsters, he transferred a total of Rs 91.9 lakh from his bank account to the fraudsters in multiple transactions. Subsequently, his account was blocked.Further verification exposed the massive mule account network, which allegedly opened bank accounts in the names of ordinary people by paying them commissions and then sold these to the cyberfraudsters operating from outside the state and abroad. Earlier, police had arrested four account holders, agents and other individuals linked to the racket.Police said Nayak, who had studied up to Class X, had been absconding. Police found that he was in direct contact with Chinese operators through Telegram and supplied bank accounts for online gaming and cyberfraud. He allegedly accepted commissions in cryptocurrency and converted them into cash through local markets.