Mumbai Woman Loses ₹7.88 Crore in Elaborate Stock Scam
Elderly housewife duped via fake investment app
A 62-year-old housewife from Bandra, Mumbai, fell victim to a sophisticated cyber fraud, losing ₹7.88 crore to scammers posing as financial experts. The fraud, orchestrated over two months, began with a WhatsApp message from an unknown number claiming to be an assistant to a senior officer at a reputed financial services company, police reported.
The victim was lured into a WhatsApp group and provided a link to a fraudulent website, where she was guided by individuals falsely claiming affiliation with the firm. Convinced by promises of high stock market returns, she transferred ₹7,88,87,000 across multiple bank accounts. When she attempted to withdraw her funds, the scammers demanded an additional 10% deposit, raising her suspicions.
After verifying the fraud, the woman lodged a complaint via an online cybercrime portal. The West Region Cyber Police have registered a case under relevant laws and launched an investigation to trace the perpetrators and recover the funds. Authorities urge citizens to verify investment platforms and report suspicious activities to the cybercrime helpline (1930) promptly.
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