Digital Arrest: Alarm bells on digital arrest! Nitin Kamath said- People lost 2,000 crores..

Zerodha co-founder Nithin Kamath has warned people about the rapidly increasing digital fraud in the country. He has written a long post on the social media platform X and has also shared a video, which explains how scammers threaten people to transfer money by posing as fake enforcement officers.

Kamath says in his X post that only these people have lost Rs 2,000 crore through such fraud. He has explained in detail in his post how scammers make people their victims through digital arrest. Kamath wrote on X about scammers, 'When people are afraid, they take advantage of their habit of making mistakes'.

This is how the scam works.

On the social media platform X, Nithin Kamath explained how this whole scam works and what you need to do to avoid it.

You get a call from a person who calls himself a police officer. They tell you that a courier parcel in your name has been seized because it contains illegal items like drugs or other banned items.

Then you get a WhatsApp video call with a fraudster dressed in a police uniform. They threaten to arrest you, take you to court, and then ask you to transfer money to their account to close the case.

Those of us who are educated might think that no one would fall for such an obvious scam, but crores of educated Indians have fallen prey to these frauds.

What to do to avoid such scams?

Nitin Kamath writes that I have shared this before, never react in haste when you get such calls. At the very least, talk to a knowledgeable person, your lawyer, or simply go to the nearest police station. Fraud works because we are instinctively scared and ready to do anything to avoid trouble. Do not react in haste. Also, block or do not receive calls and messages from unknown numbers.

The 11-minute video shared by Kamath also shows a fake call claiming that a parcel in the name of the victim has been seized at the Mumbai airport. The caller then instructs the victim to dial certain numbers, starting a trap that leads to further threats and extortion.

The video shows scammers impersonating police officers, citing false money laundering cases and even threatening jail terms of up to 20 years. Their goal is to force victims to pay fines to avoid arrest.

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