Such frauds result in not only financial loss but also a ‘blistering sense of violation’ in victims, Chief Justice of India Surya Kant says at a lecture; he says while the crimes are executed with speed and coordination, institutional response in India has been ‘fragmented and sequential’.
The CJI, who was heading a Bench which also comprised Justice Joymalya Bagchi, flagged the recent case of an old woman who was duped of her entire retirement benefits in one of such cases
The defrauded funds were routed to a bank account opened fraudulently in the name of a company to facilitate receipt of proceeds of cyber fraud, according to the CBI