
Hyderabad Police conducted 'Operation Octopus,' arresting 104 individuals across 16 states linked to a pan-India cyber fraud syndicate involved in 1,055 cases totaling approximately Rs 127 crore. The crackdown targeted investment scams, trading frauds, and digital arrest schemes, identifying 151 bank accounts used to launder funds. The operation involved 32 special teams working simultaneously over 10 days, seizing cash, mobile phones, SIM cards, laptops, and other materials. Authorities continue investigations to apprehend higher-level operators.
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