Hyderabad, Sept. 28 -- A 90-year-old man in Hyderabad has allegedly been cheated of Rs 18 lakh by fraudsters who posed as Central Bureau of Investigation (CBI) officers and threatened him with arrest in a money laundering case, in what is known as a digital arrest scam.

The Cybercrime police have registered a case and launched an investigation, according to The Times of India.

Police said the fraudsters contacted the elderly man and claimed he was involved in a money laundering case. They allegedly told him he would be arrested unless he cooperated, and asked him to share his bank details.

The accused then demanded Rs 18 lakh to help him avoid arrest. Believing he was speaking to a genuine CBI officer, the victim transferred the money,...