‘1930 is your lifeline’: Zerodha’s Nithin Kamath exposes a scam conning thousands in India

Nithin Kamath, founder of Zerodha, has issued an urgent warning about the emergence of digital arrest scams in India. These scams, based on fear and urgency, have become frighteningly real, tricking even the most vigilant individuals into giving up their money or sensitive information.

“You receive an unexpected call from the courier company,” Kamath explained in the People claiming to be from the police, CBI or other authorities Most of us are likely to fall for this because it preys on our fears.

The scam usually starts with a suspicious call, SMS or social media message. Scammers impersonate law enforcement officials and accuse victims of crimes such as money laundering or identity theft. Victims are then threatened with so-called “digital arrest” unless they comply with the scammers’ demands.

“Digital arrest” is not a legal term under Indian law; It is a fabrication by cyber criminals aimed at creating psychological pressure. Legitimate law enforcement officials do not demand payment, request personal information over the phone, or initiate legal action via call or video.

To help individuals avoid falling prey to these scams, pay attention to these red flags:

• Suspicious communications: Scammers use unofficial phone numbers or email addresses while pretending to be officials.
• Pressure tactics: Create a sense of urgency and panic, threatening immediate action.
• Confidentiality Requirements: Victims are often told to remain silent under the guise of “national security.”
• Monetary Demands: Legitimate officials will never request money transfers or sensitive details over the phone.
• If you suspect you are being targeted, stay calm, inform someone you trust, and file a complaint with the cyber cell or the police. For those who have already been victimized, immediately call 1930 and provide evidence such as screenshots or call recordings to assist in investigations.

“These scams are so real that every day hundreds of people lose thousands of their hard-earned money,” Kamath said.