Hyderabad Police Operation Octopus 2.0: Hyderabad City Police has busted a big cyber fraud network running in the country. In the action, the police busted the cyber fraud network spread across the country and arrested 52 accused from 9 states. 32 bank officials are also included in the arrest. Giving information on the action, Police Commissioner VC Sajjanar said on Sunday that this action has been taken under Operation Octopus 2.0.
Giving information, he further said that this operation was carried out by 16 special teams of experienced investigators simultaneously in 9 states for 7 days. During this period, 52 people were arrested from across the country. This includes 32 bank officers. Who were playing an important role in the fraud.
32 bank officers also included
The police officer said that the arrested bank officials also include officers associated with various banks. The police have also arrested 15 such account holders who knowingly used their bank accounts for illegal money transactions. In the action, 5 such middlemen have also been arrested, who used to arrange these accounts and helped in sending the money to the main accused. During the raid, 26 mobile phones, 14 check books, 2 pen drives, 1 laptop and seals of 21 shell companies were recovered.
Transaction worth Rs 150 crore
The Police Commissioner said that in recent times, cyber crimes like investment scams, trading frauds and digital arrests have increased rapidly, in which swindlers defraud people of huge amounts of money by scaring and luring them. Keeping this in view, Operation Octopus-1 was first launched. In the action, 32 teams took action in 16 states and arrested 117 accused. During that period 350 bank accounts were exposed. These were related to about 850 cases across the country and transactions worth about Rs 150 crore took place.
Also read- Big explosion in firecracker factory in Kattanarpatti, Tamil Nadu, 16 people died, many people are feared to be burnt.
Focus on the role of bank officers
Now ‘Operation Octopus 2.0’ The report specifically focused on the role of bank officials, who were found involved in opening fake accounts. This campaign was run in Maharashtra, Delhi, Rajasthan, West Bengal, Karnataka, Gujarat, Andhra Pradesh, Telangana and Bihar. Police also found that more such fake accounts are being opened in the private banking sector, which is possible due to negligence in the KYC process. In many cases, accounts were opened without proper verification of customers, which were later used in cyber fraud.
With agency input…
Comments are closed.