Mumbai, Oct. 17 -- A 72-year-old businessman from Mumbai was duped of Rs.58.13 crore in the largest Digital Arrest fraud ever reported in India, leading the Maharashtra Police to bust a scam and arrest seven individuals involved in the racket.

The scammers allegedly posed as law enforcement officials, duping victims into transferring money into fake accounts.

The nodal agency for cybersecurity and enforcement of cybercrime in the state of Maharashtra, Office of the Additional Director General of Police, Maharashtra State Cyber Department, initiated a multi-pronged investigation after the senior citizen approached them with a complaint about being digitally arrested and losing money.

In this case, Maharashtra Cyber has registered a crim...