Supreme Court cracks down on 'digital arrest' scams, directs RBI to frame SOP in 4 weeks
India, Aug. 4 -- The Supreme Court on Tuesday issued a series of directions aimed at strengthening India's response to the rising menace of "digital arrest" scams, directing the Reserve Bank of India (RBI) to frame a standard operating procedure (SOP) for banks within four weeks and asking the Centre to examine a victim compensation framework.
A bench comprising Chief Justice of India Surya Kant and Justices Joymalya Bagchi and V. Mohana passed the directions while hearing a suo motu case on cyber-enabled financial frauds and digital arrest scams.
During the hearing, the court considered submissions made by Attorney General R. Venkataramani, Solicitor General Tushar Mehta and amicus curiae, senior advocate N.S. Nappinai.
"The mechanism...
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