In a significant case of fraud, two men, Venkatesh Sharath Naik and Degavat Sripada Naik, both from Hyderabad, were arrested for their involvement in a 'digital arrest' scam that targeted an 81-year-old businessman in Belagavi, Karnataka. The victim lost over ₹15 crore after being coerced by fraudsters posing as Central Bureau of Investigation (CBI) officials. They falsely accused him of money laundering and threatened arrest, convincing him to share his financial details and transfer funds to a 'safe account.' The police launched an investigation on March 18, leading to the identification of ten beneficiary accounts across various states, including Delhi, Punjab, and Gujarat. A critical breakthrough came from a ₹2 crore transfer to a Hyderabad account, prompting a raid on April 6 that resulted in the suspects' arrests. The investigation continues as authorities seek to apprehend an additional accomplice who remains at large.