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 officials of the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI), the 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, had arrested three persons, he said.

'Digital arrest' is a growing form of cyber crime 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 l

See Full Page