Overview

• The Intelligence Fusion and Strategic Operations unit registered an FIR on September 19 based on retired banker Naresh Malhotra’s complaint.
• Scammers allegedly impersonated telecom staff and Mumbai Police, claiming his Aadhaar was tied to fraud and terror financing, and sent forged court and bail papers.
• The victim says he was kept under virtual confinement with video check-ins every two hours from August 4 to September 4 and was threatened with harm to his family if he told anyone.
• Under coercion, he liquidated equity holdings and transferred about Rs 22.92–22.93 crore, believing the Reserve Bank of India would hold and later return the funds.
• Investigators say roughly Rs 1.5–2 crore has been frozen so far, and officers describe the loss as among the largest recent digital arrest cases in the national capital.