Cyber Fraud

Naresh Malhotra,78, has spent nearly three decades in senior positions with government and private banks. He received a random call on August 1. The call aimed at recent fraud Digital Arrest prevalent these days. During the call, he was told that his phone number is being used for terror funding. He could be “bailed out” by the RBI and Supreme Court once funds were dispatched in surety. The funds would be returned in due course. Between 4 August and 4 September, he made a total of 21 visits. He completed 21 RTGS transfers to 16 bank accounts. These transfers totalled…