Gwalior, July 2 -- A retired railway employee residing in the Hazira area of Gwalior has lost Rs.7.40 lakh after falling victim to a cyber fraud.

The victim was targeted by scammers posing as railway officials who demanded an urgent video call for "pension verification", eventually gaining access to his account to syphon off his savings.

Gwalior Cyber Police and Cyber Crime Investigation Cell noted that the victim was pressured into a video call under the threat of his pension being stopped, and he subsequently received messages indicating transactions.

Speaking to ANI, Deputy Superintendent of Police (DSP) Manish Yadav said, "Banwari Lal Sharma, a resident of the Hazira area, received a video call informing him that his pension detail...