Delhi man loses ₹23cr in cyber fraud case
Naresh Malhotra, a 78-year-old retired banker from South Delhi, was tricked out of nearly ₹23 crore by scammers pretending to be police and government officials.
They accused him—falsely—of being involved in a huge terror funding case using his Aadhaar and landline details.
Fraudsters threaten to harm Malhotra's family
The fraudsters put Malhotra under a fake "digital arrest," forcing him into constant video calls and threatening legal trouble or harm to his family if he didn't cooperate.
Over more than a month (August-September 2025), he sold investments and made 21 transfers across 16 accounts, even receiving fake RBI certificates as proof.
Investigators are tracking the money trail
Malhotra finally refused their last demand for ₹5 crore, after which the calls stopped.
He reported the crime on September 19, and Delhi Police have since frozen ₹2.67 crore linked to the scam.
Investigators are tracking the money trail through thousands of accounts to catch those behind this massive cyber fraud.