The Indian Supreme Court has slammed banks for serious lapses and possible collusion by officials in a massive digital fraud that stole over Rs520 billion (Dh21 billion) from the public between April 2021 and November 2025. Describing the scam as “absolute robbery or dacoity,” the court highlighted the urgent need for stronger safeguards to protect citizens, particularly senior citizens, from cyber-enabled crimes.

The fraud involved criminals posing as police and security officials, claiming victims were under ‘digital arrest’ in connection with high-profile drug smuggling cases. Many unsuspecting individuals, especially the elderly, were tricked into handing over bank details or transferring large sums of money, believing they were complying with law enforcement directives.

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