From 2023 to 2024, there was an estimated increase of 200 per cent in financial fraud, with reported losses of over Rs 22,000 crore. But the concern for India is deeper.
Rescued men are among hundreds of Indians lured by fake job offers and forced into cyber slavery across Southeast Asia. Last August, 47 were freed, the Indian Embassy in Laos said.
For criminal cartels of all kinds, the casino cities on China’s peripheries offer security and immunity. In Kings Romans Casino, prison-like dormitories house the cyber-slaves.
In FY 2025-26, AoN for 55 proposals amounting to Rs 6.73 lakh cr has been accorded by DAC. Both the quantum of AoN given and capital contracts signed, so far, have been the highest in any FY.
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