Hyderabad Police Dismantles Pan-India Cyber Fraud Syndicate, 104 Held
The operation was executed simultaneously across 16 states over a span of 10 days. As many as 104 individuals who played pivotal roles in the execution of the fraud were apprehended: Police
Hyderabad: The city police announced they had dismantled a pan-India cyber fraud syndicate in a major crackdown, named Operation Octopus, arresting 104 people including a bank official. Hyderabad police commissioner VC Sajjanar said the operation was carried out under the leadership of cybercrimes DCP V. Aravind Babu across 16 states.
Sajjanar said investigation into the recent surge in investment scams, trading frauds, and digital arrest cases had drained victims’ savings through manipulation and intimidation. Operation Octopus was designed to deliver a decisive blow to these illegal networks.
Investigations revealed a nexus of 151 bank accounts used to siphon off funds. Through intelligence gathering and forensic analysis, investigators uncovered a complex web of accounts laundering the tainted money.
To dismantle the network, 32 special teams were constituted and deployed simultaneously across 16 states over 10 days. They arrested 86 mule account holders, 17 account suppliers and aggregators, and a private bank relationship manager found colluding with fraudsters, totalling 104.
The operation covered Maharashtra, Delhi, Rajasthan, West Bengal, Karnataka, Uttar Pradesh, Gujarat, Haryana, Punjab, Andhra Pradesh, Assam, Madhya Pradesh, Bihar, Uttarakhand, and Odisha.
The arrested individuals were linked to 1,055 cyber fraud cases nationwide, involving approximately ₹127 crore. Seized material included 204 mobile phones, 141 SIM cards, 152 bank passbooks, 234 debit and credit cards, 27 laptops, 56 corporate stamps, and Rs.36 lakh in cash.
