India, March 31 -- The biggest cyber fraud reported in the Capital in September last year, in which a retired banker from south Delhi's Gulmohar Park lost nearly Rs.23 crore, has been transferred to the Central Bureau of Investigation (CBI), officials aware of the matter said.

A senior Delhi Police officer confirmed the development, saying the case was handed over to the CBI in the second week of March. "The transfer followed a Supreme Court direction asking the state government to grant permission. After the sanction, the case was handed over in the second week of March," the officer said.

In February, the Supreme Court took suo motu cognisance of rising "digital arrest" cyber frauds involving forged documents, noting losses of up to R...