Hyderabad, April 19 -- Hyderabad City Police have dismantled a major pan-India cyber fraud network involving bank officials, arresting 52 accused across nine states under "Operation Octopus 2.0."The arrested include 32 bank officials, 15 mule account holders, and five middlemen who facilitated fraudulent transactions through a network of over 350 bank accounts linked to nearly 850 cases involving around Rs 150 crore, a police statement said on Sunday.
The operation, led by the Cyber Crime Police under DCP V Aravind Babu, was carried out by 16 special teams over a week across multiple states, including Maharashtra, Delhi, Karnataka, and West Bengal.
Police seized key evidence, including mobile phones, cheque books, laptops, pen drives, and...