Vardhman Group Chairman SP Oswal Defrauded of ₹7 Crore by Scammers Posing as CBI Officials

Punjab Police have arrested two suspects and recovered ₹5.25 crore, while seven others remain at large.

SP Oswal was duped by cyber fraudsters who impersonated CBI officials and placed him under digital surveillance.
The scammers staged a fake Supreme Court hearing and used fake documents to convince Oswal to transfer ₹7 crore.
The fraudsters threatened Oswal with a fake arrest warrant and claimed he was involved in a money-laundering case.
Two suspects from Assam have been arrested, and ₹5.25 crore has been recovered, but seven others are still being sought.
This incident follows a similar scam a week earlier, where another local industrialist was defrauded of ₹1.01 crore.