The Madras High Court has directed that senior citizens cheated by conmen be paid compensation from the Victim Compensation Fund if police fail to recover their valuables.
Justice D Bharatha Chakravarthy suggested a minimum of 30% of the lost value or ₹5 lakh, whichever is lower, noting rising scams targeting the elderly.
The Court observed that the State’s existing 2013 scheme caps compensation at ₹1 lakh, which is outdated.
In the present case, a 68-year-old woman duped of 17.5 sovereigns of gold was held entitled to ₹4 lakh, payable within 12 weeks.
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