The Economic Times

SC terms siphoning of over Rs 54,000 cr by digital fraud 'dacoity', asks Centre to frame SoP

The Supreme Court has strongly condemned digital fraud, terming it 'robbery or dacoity'. Over Rs 54,000 crore has been siphoned off. The court has ordered the Centre to create a standard operating procedure. This will be done in consultation with the RBI, banks, and the Department of Telecommunications. The aim is to effectively tackle these serious financial crimes.