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78-year-old former banker loses Rs 23 crore after being under 'digital arrest'

The man was confined to his home and was allowed to go out only to visit banks and transfer funds to the scammers, who posed as officers from the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI)

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On August 1, the man received a call from a man claiming to represent a mobile connection company. Representational pic

On August 1, the man received a call from a man claiming to represent a mobile connection company. Representational pic

A retired banker lost his entire life savings to a group of digital fraudsters, spending over a month under constant intimidation before his ordeal ended.

Seventy-eight-year-old Naresh Malhotra was confined to his home under what he described as a “digital arrest,” and was allowed to go out only to visit banks and transfer funds to the scammers, who posed as officers from the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI), news agency PTI reported. By the time the scam ended, Malhotra had lost Rs 23 crore.

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