The cyber crimes wing of Hyderabad Police arrested 56 individuals from different states in April as part of a crackdown on organised online fraud networks. This has led to the recovery and refund of nearly ₹70 lakh to victims.
The arrests were made under a special drive, “Operation Octopus 2.0”, which focused on dismantling cyber fraud networks involving bank insiders and mule accounts. Among those held were 32 bank officials, including managers, KYC approvers and relationship managers, along with 15 mule account holders and nine account operators linked to 101 cases registered in the city.