Retired Banker Duped of Rs 23 Crore in Digital Con Game

A retired banker in Delhi was swindled out of Rs 23 crore by cyber fraudsters pretending to be officials from the ED and CBI. The scammers confined him to his home under a supposed investigation, coercing him into transferring his savings to various bank accounts over a month.


Devdiscourse News Desk | New Delhi | Updated: 22-09-2025 16:32 IST | Created: 22-09-2025 16:32 IST
Retired Banker Duped of Rs 23 Crore in Digital Con Game
This image is AI-generated and does not depict any real-life event or location. It is a fictional representation created for illustrative purposes only.
  • Country:
  • India

Cyber fraudsters, masquerading as officials from the Enforcement Directorate (ED) and Central Bureau of Investigation (CBI), have conned a retired banker from Delhi's Gulmohar Park of a staggering Rs 23 crore. The fraudsters allegedly subjected the 78-year-old victim to a 'digital arrest,' holding him captive in his own home for nearly a month.

According to police reports, the victim was falsely accused of being involved in narcotics trafficking, terror financing, and the Pulwama terror attack. Out of fear, the banker transferred his savings into various specified bank accounts, as instructed by the scam artists.

Upon realizing he had been defrauded, the victim filed a complaint with authorities. In response, an FIR has been lodged, and Rs 12.11 crore has been frozen. The investigation, spearheaded by the Intelligence Fusion and Strategic Operations unit, continues with multiple police teams working to apprehend the scammers.

(With inputs from agencies.)

Give Feedback