Hyderabad, Feb. 24 -- The Hyderabad City Police arrested 104 people across 16 states in a nationwide crackdown on a cyber fraud syndicate, seizing cash and electronic devices in a campaign dubbed "Operation Octopus."The operation, led by DCP (Cybercrimes) V Aravind Babu, IPS, targeted organised networks involved in investment scams, trading frauds and so-called "digital arrest" scams. Following an in-depth investigation, police identified 151 bank accounts used to siphon off victims' money, a police statement said on Tuesday.
As part of the operation, 32 special teams were deployed simultaneously across multiple states over a period of 10 days. Among those arrested were 86 mule account holders, 17 account suppliers/aggregators, and one ban...