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'Why should banks not be held accountable for losses to digital arrest victims?' asks SC

short by Mansi Agarwal / on Thursday, 29 October, 2026
The Supreme Court on Thursday questioned why banks should not be held accountable for losses suffered by digital arrest victims, citing their failure to flag suspicious transactions. It said it was considering directing banks to compensate victims and face prosecution. The court added that unusual transactions should be suspended until their genuineness was verified in writing.