Hyderabad, April 19 -- The Hyderabad City Police have dismantled a pan-India cyber fraud network and arrested 52 persons, including 32 bank officials, in a week-long multi-state drive codenamed 'Operation Octopus 2.0', officials said.

The operation was carried out under the supervision of DCP (Cybercrimes) V Aravind Babu and ACP RG Siva Maruthi. It targeted organised syndicates involved in investment scams, trading frauds, and digital arrest scams, where victims were cheated through manipulation and intimidation.

Police said 16 special teams led by Inspector-rank officers were simultaneously deployed across Maharashtra, Delhi, Rajasthan, West Bengal, Karnataka, Gujarat, Andhra Pradesh, Telangana, and Bihar. Under 'Operation Octopus 2.0'...