Digital arrest and Rs 7 crore heist : How Vardhman Group head was tricked

SP Oswal, the 82-year-old chairman and managing director of Vardhman Group, a leading textile manufacturer, was defrauded of Rs 7 crore by a gang posing as officials from various government agencies, including the Chief Justice of India (CJI), DY Chandrachud. The meticulously planned scam involved fake documents, a virtual courtroom, and relentless intimidation tactics, which left Oswal under “digital arrest” for two days. While the police have successfully recovered over Rs 5 crore so far, this case stands as one of the most significant fraud recoveries in the country.