How Cybercriminals Scammed Vardhman’s SP Oswal For ₹7 Crore?

#CyberCrime #SPOswal #cbi #cyberfraud #IndiaCyberCrime #FinancialFraud
S P Oswal, the Chairperson of the Vardhman Group and a Padma Bhushan awardee, fell victim to a cyber fraud scheme that cost him ₹7 crore. The Ludhiana Police reported that two suspects from Assam and Bengal were arrested after the incident, and ₹5.2 crore was recovered from them. This case marks one of the largest seizures in India's cybercrime history. Investigators revealed that the fraudsters posed as members of a Central Bureau of Investigation (CBI) team. They contacted Oswal, claiming his Aadhaar had been misused in a case involving fake passports and financial fraud. The deception began with a phone call from someone claiming to be a CBI officer in Mumbai. The imposter conducted a video call in a police uniform, using a background that displayed the CBI logo. The fraud escalated when the caller sent Oswal a fake "arrest warrant" via WhatsApp, allegedly authorized by the Supreme Court. He convinced Oswal to transfer ₹7 crore to facilitate bail proceedings, claiming he was under "digital arrest." Upon realizing the scam, Oswal's team filed a complaint with the Ludhiana police. Police Commissioner Kuldeep Singh Chahal confirmed that they acted quickly to freeze the accounts involved in the fraud. Inspector Jatinder Singh from the Ludhiana cybercrime police station stated that the suspects had instructed Oswal to transfer ₹4 crore to one account and ₹3 crore in three transactions to another. Jaskiranjit Singh Teja, DCP explains in detail.

#VardhmanGroup #LudhianaPolice #CBIFraud #DigitalFraud #CyberSecurity #FraudAlert #AadhaarScam #PadmaBhushan
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[myexisliberal]

Sir same case happen with me I lost 90k on 15 October I am in digital arrest from 12october to 16october

[gitasingh]

Interesting the police work with the same alacrity if it were an ordinary citizen ?

[chetanrao]

Very good job by Cyber cell and Police-Appreciated..But my question is - Mr.Oswal could believe that his company had committed some fraud based on discussions over a call with fraudsters ( Though it was a fluke shot from Fraudsters or they really had some proof with them, you never know) and hence he would have agreed to give them 7 Crores, Isn't it?. Is that being investigated by the Police with Vardhaman Group?.

[sunildhuper]

Corruption everywhere, going in Upper

[vipinpatel]

no action will be taken even some banks staff involved but no action by RBI

[Arunjeet_Singh]

If police can recover the lost amount and arrest within 24 hrs, sure it can do for common citizens who loose money after falling prey to such scams and recover the money as it was donevin this case

[sureshnambiar]

bjp modi supporter hoga fm ka bhi hasth hoga😅😅gawhaty me pakda tho sarma cm bjp ka haath jarur hoga😅

[BlackShadow-zqjb]

This is the funniest thing on internet 😂 I don’t believe this story. Something fishy here 😂