Hyderabad, April 19 -- In a massive pan-India cyber fraud network involving bank officers, the Hyderabad City Police arrested 52 individuals from nine states, including Telangana.

The crackdown was carried out under Operation Octopus 2, leading to the arrest of 32 banking officers, 15 mule account holders and five middlemen or suppliers.

As many as 350 bank accounts, linked to 850 cybercrime cases across India, were used to siphon off victims' money worth Rs 150 crore, police said on Sunday, April 19.

Sixteen special teams were formed, each led by an Inspector. Raids were conducted across Telangana, Maharashtra, Delhi, Rajasthan, West Bengal, Karnataka, Gujarat, Bihar and Andhra Pradesh.

Most of the arrestees are private bank employee...