Vardhman Group chairman S P Oswal duped of Rs 7 crore by inter-state cybercrime gang; 2 held in Assam

Posing as CBI officers, a gang of cyber fraudsters executed an elaborate plan – that included enacting a fake online Supreme Court hearing, fake arrest warrants and a two-day “digital surveillance over Skype” – to dupe Padma Bhushan awardee and textile industrialist S P Oswal (82), the chairman and managing director of Vardhman Group, of Rs 7 crore, Ludhiana Police said Sunday.

After an FIR was lodged on August 31 this year, the police identified an inter-state gang and arrested two persons from Guwahati. A search is on to nab seven others, they said, adding that the gang was spread across Assam, West Bengal and Delhi.