Hyderabad Police Bust ₹150 Cr Cyber Fraud, 32 Bank Officials Held

Hyderabad Police dismantled a massive pan-India cyber fraud network under “Operation Octopus 2.0,” arresting 52 accused, including 32 bank officials. The racket used over 350 mule accounts to siphon funds across 850 cases, involving nearly ₹150 crore. Authorities said insiders helped open fake accounts, enabling investment scams and digital fraud nationwide.