Hyderabad Police Bust Rs 127 cr cybercrime network across India

In one of the largest coordinated crackdowns on cybercrime in recent years, the Hyderabad Police have dismantled a sprawling fraud syndicate operating across multiple states, arresting 104 individuals and seizing large quantities of cash and digital equipment.

The operation, code-named ‘Operation Octopus’, was spearheaded by the Cybercrime wing.

Over a 10-day period, 32 special teams fanned out across 16 states, targeting networks involved in online investment scams, trading frauds and so-called ‘digital arrest’ schemes.

According to information, investigators identified 151 bank accounts allegedly used to



channel and launder money siphoned from victims across the country. The accused are suspected to be linked to more than 1,000 cybercrime cases involving an estimated fraud amount of Rs 127 crore.

Those arrested include 86 mule account holders who allegedly allowed their bank accounts to be used for illegal fund transfers, 17 account suppliers who procured and routed bank accounts for the syndicate.

Police said the operation covered Maharashtra, Delhi, Rajasthan, West Bengal, Karnataka, Uttar Pradesh, Gujarat, Haryana, Punjab, Andhra Pradesh, Assam, Madhya Pradesh, Bihar, Uttarakhand and Odisha with teams coordinating closely with local authorities.