Hyderabad Police Bust Nationwide Cyber Fraud Racket, 52 Arrested Including 32 Bank Officials

32 Bankers Among 52 Arrested in Hyderabad's Massive Cyber Fraud Bust Across 9 States - Report Wire

A nationwide cyber fraud syndicate met its match as Hyderabad Police executed ‘Operation Octopus 2.0’, cuffing 52 suspects—including an alarming 32 from the banking sector—in coordinated strikes across nine states. Police Commissioner VC Sajjanar detailed the operation Sunday, crediting 16 expert squads for their seven-day pursuit in key regions like Maharashtra, Delhi, and beyond. The net captured bank officials who greased the wheels of fraud,…

Hyderabad Police Bust Nationwide Cyber Fraud Racket, 52 Arrested Including 32 Bank Officials

Operation Octopus 2.0 exposes bank insider nexus across nine states; Rs 150 crore fraud trail linked to 850 cases

32 bank officials among 52 held for cyber fraud by Hyderabad Police in 9 states

Hyderabad, April 19, 2026 The Hyderabad City Police have dismantled a pan-India cyber fraud network with the arrest of 52 accused, including 32 bank officials in nine states. Hyderabad Police Commissioner V. C. Sajjanar said on Sunday that a major operation titled Operation Octopus 2.0 was launched to dismantle an organised cyber fraud network. Sixteen special teams comprising seasoned investigators conducted the operation simultaneously across …