Hyderabad Police conducted an elaborate crackdown on the massive cyber fraud network named “Operation Octopus 2.0.” They apprehended 52 individuals, out of which 32 were bank employees from nine different states.

According to the police, the plot specifically targeted bank employees that collaborated with cyber crooks to open and manage the fraudulent mule accounts for moving illicit money across banks.

The apprehended employees included bank managers, clerical staff, and KYC officers working with the Bank of Baroda, Bandhan Bank, and IndusInd Bank.

This operation was carried out in seven days in various states like Maharashtra, Delhi, Karnataka, Telangana, etc., with the participation of police units.

As part of their investigations, the police seized 26 mobile phones, 14 checkbook registers, 21 counterfeit company stamps, and other relevant materials.

Cyber ​​Crime DCP V. Arvind Babu said, "This network involved people within the bank who helped cybercriminals transfer stolen money through fake accounts. Police are monitoring the entire money trail."

CP Gusserabad V. C. Sajjanar said, "Anyone involved in such crimes, regardless of their status, will face strict legal action. We will continue our strict action against cybercrime networks."

Police stated that this action follows "Operation Octopus 1.0." The previous operation resulted in over 100 arrests and the discovery of hundreds of fake accounts linked to large-scale fraud.

Police also advised citizens not to share OTPs or bank details with anyone, avoid clicking on unknown links, and never share their bank account information with anyone.

Victims can report cyber fraud by calling 1930 or visiting the official cybercrime portal. Officials said further investigations are underway and more arrests are expected.