Mumbai ~ A 72-year-old businessman in Mumbai has allegedly been duped of a staggering Rs 58 crore in a ‘digital arrest’ scam orchestrated by fraudsters posing as ED and CBI officials, police said on Thursday.

The Rs 58 crore loss could be one of the largest reported in a ‘digital arrest’ cyber fraud case involving an individual, an official said.

The Maharashtra cyber department, which is conducting a probe into the case, has arrested three persons, he said.

‘Digital arrest’ is a growing form of cybercrime in which fraudsters pose as law enforcement officials or personnel of government agencies and intimidate victims through audio/video calls. They hold the victims hostage and put pressure on them to pay money.

In the latest case, the fraudsters, posing as personnel of the Enforcement

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