Mumbai Cyber Crime: Fraud of 66 Lakhs from Share Trading Network in Mumbai; High-profile Game of Criminals Exposed

In the Mumbai suburbs of Pantnagar, Bhandup, and Mulund, five residents have been defrauded under the guise of share trading. This includes two retired government officials aged 38 to 74, a Central Railway employee, and two professionals, including a woman. A complaint of fraud amounting to a total of 6.6 million rupees has been filed with the Eastern Region Cyber Cell, and action is underway against 25 unknown accused.

The fraudsters added the victims to a WhatsApp group on different days and lured them with promises of high profits in the stock market. Initially, they gained trust by offering low returns on small investments and then encouraged the transfer of large sums. Among the victims, a 50-year-old retired officer invested 18.45 lakh, a 44-year-old woman invested 11.40 lakh, a 74-year-old retired officer invested 12.65 lakh, a 38-year-old railway officer invested 10.75 lakh, and a 60-year-old businessman invested 12.59 lakh.

As soon as the fraud was noticed, the victims immediately filed various FIRs with the cyber cell. In each case, more than 10 lakh rupees are involved. Cyber police are investigating transaction IDs and bank accounts, and tracing the routes through which the money was transferred. Although this method of fraud is not new, targeting high-profile individuals in one area is shocking. Cyber experts have urged checking official platforms before investing.