Archive · 23 Sep 2025
Retired Banker Loses Over Rs 22 Crore in Digital Arrest Scam
A retired banker named Naresh Malhotra was tricked by scammers who pretended to be from the government.
They told him his identity was used for something bad and he had to give them money to fix it.
Over six weeks, he transferred about 22.92 crore rupees to different accounts because he thought he was under "digital arrest".
The scammers controlled his actions, even his everyday spending.
Now the police are trying to get the money back, but it's a difficult task since it was sent to many accounts.
A retired banker in Delhi was defrauded of Rs 22.92 crore.
The fraud involved scammers using a 'digital arrest' scheme to coerce money transfers.
Malhotra made 21 transactions to 16 different bank accounts over six weeks.
The money was moved in seven layers through 4,236 transactions.
Only a portion of the stolen funds, Rs 2.67 crore, has been frozen.
- Who
- Naresh Malhotra and Scammers posing as officials
- What
- A large-scale cyber fraud involving digital arrest
- When
- Between August 4 and September 4; Reported September 19
- Where
- Delhi, with transactions across multiple states
- Why
- Malhotra was coerced through a digital arrest to transfer funds.
- Victim
- Naresh Malhotra, 78
- Amount Stolen
- Rs 22.92 crore
- Transactions
- 21
- Bank Accounts Used
- 16
- Number of Transactions
- 4,236
- Funds Frozen
- Rs 2.67 crore
- Banks Involved
- Yes Bank, IndusInd Bank, ICICI Bank, Union Bank, Axis Bank, Central Bank, HDFC Bank, Kotak Mahindra Bank