India, Sept. 21 -- A 78-year-old retired banker from South Delhi lost nearly Rs.23 crore in a digital arrest fraud after cybercriminals allegedly held him under virtual confinement for a month between August 4 and September 4 at his Gulmohar Park home near Hauz Khas, police officers aware of the matter said on Saturday.

The victim, Naresh Malhotra, who lives alone, was coerced into selling his equity shares and transferring Rs.22.92 crore in multiple transactions to the bank accounts of the accused. Delhi Police officers said the cybercriminals impersonated Mumbai Police officials and terrorised Malhotra by alleging that his Aadhaar details were linked to bank accounts used in terror funding and the Pulwama terror attack. They further th...