Telangana cyberfraud bust unmasks bank employees’ links
HYDERABAD: What appeared as routine transactions and isolated complaints soon revealed a sprawling cyberfraud network spanning multiple states, linking banks, shell companies and unsuspecting account holders. As the scale of the operation became clear, Hyderabad Police moved in.
Under ‘Operation Octopus 2.0’, 16 special teams comprising over 150 personnel were deployed across nine states over seven days. Acting in coordination, they tracked suspects, traced accounts and carried out targeted raids. By the end of the operation, 52 persons had been arrested, including 32 bank officials accused of playing a direct role in enabling the fraud.
