Supreme Court Flags ₹54,000 Crore Digital Fraud as ‘Robbery or Dacoity’
Introduction The Supreme Court of India has expressed grave concern over large-scale cyber frauds, describing the siphoning of more than ₹54,000 crore through digital fraud as nothing short of “robbery or dacoity.” In a significant intervention, the Court has directed the Union Government and regulatory authorities to frame a comprehensive Standard Operating Procedure (SoP) to tackle cyber-enabled financial crimes, particularly the emerging menace of ‘digital arrest’ frauds.