Investigators said the accused operated in a manner similar to a film script, routing hundreds of crores through mule accounts. Call centres were run in Hyderabad and Cambodia in coordination with international cybercrime gangs.

The racket targeted victims through online gaming, betting and trading scams. Unemployed youths were lured with promises of jobs and persuaded to open bank accounts, which were later used to transfer money generated through cyber frauds.

Police said the fraud proceeds were moved into these accounts and layered through multiple transactions.

A case has been registered against 24 people. Eighteen accused have been arrested so far, while key accused, along with a few others, are absconding.

Police said efforts were on to trace and arrest the remaining suspects.