NOB-Hyderabad news: The Hyderabad Police have busted a massive nationwide network of cyber fraud. In this large-scale operation, codenamed ‘Operation Octopus 2.0,’ raids were conducted across nine states, leading to the arrest of 52 accused individuals, including bank officials. The operation specifically targeted bank officials who were providing support to gangs involved in investment scams, trading frauds, and extortion schemes where innocent victims were threatened with “digital arrest” to swindle large sums of money. The accused include 32 bank officials, 15 “mule account” holders, and five intermediaries. The investigation revealed that certain bank officials had colluded with cybercriminals, illegally opening and providing bank accounts (known as “mule accounts”) for their use. Sixteen special teams, led by Hyderabad Cyber ​​Crime DCP V. Aravind Babu and ACP R.G. Shiva Maruthi, participated in this operation. The investigation conducted by the Hyderabad Cyber ​​Crime Police Station brought to light some startling facts. To divert the victim’s funds, the criminals utilized a staggering 350 bank accounts. These accounts have been linked to approximately 850 cybercrime cases registered across the country. The investigation established that frauds amounting to nearly Rs.150 crore were perpetrated through these accounts.