Shockwaves ripple through Mumbai’s business circles after a 72-year-old entrepreneur was tricked into transferring ₹58 crore to fraudsters impersonating government officials. This case is being seen as one of the largest reported individual losses in a digital arrest scam to date. Between August 19 and October 8, the victim received a series of phone and video calls from con artists claiming to be officers from the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI). They accused him of being involved in a money laundering case, using official-sounding threats to trigger fear.

Pretending to take legal action, the scammers told the businessman he was being placed under “digital arrest” along with his wife. The pressure and psychological manipulation escalated during

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