Archive · 12 Jan 2026
Cyber Frauds Surge in India with Multiple High-Value Scams
Recently, several people in India lost a lot of money to cyber scams.
One woman, Urmila, lost Rs 2.58 crore after being tricked into investing in a fake stock market app.
Another person lost Rs 4 lakh after being fooled by someone pretending to be a police officer.
Two more people lost Rs 64 lakh through a fake trading app, and a man from Kurla lost Rs 6.88 lakh in a Bitcoin scam on Telegram.
The police are investigating these cases and warning people to be careful with online investments.
They advise checking if an app or offer is real before sending money.
Urmila, the wife of a former CBI officer, lost Rs 2.58 crore in a cyber fraud involving a fake stock market investment app.
A private employee from Malkajgiri was duped of Rs 4 lakh by scammers impersonating a police officer.
Two individuals from Rajendranagar collectively lost Rs 64 lakh through a fake online trading app.
A 33-year-old man from Kurla lost Rs 6.88 lakh in a Bitcoin scam after being lured by a fake Telegram group.
Police are investigating these cases and warning the public to verify the legitimacy of investment platforms and apps.
- Who
- Multiple victims across India, including Urmila, a private employee from Malkajgiri, two persons from Rajendranagar, and Akhilesh Jayaraj Bhoir from Kurla.
- What
- Cyber frauds involving fake investment schemes and impersonation.
- When
- The frauds occurred between December 2025 and January 2026, with specific incidents on December 4, December 29, and January 6.
- Where
- Hyderabad, Rajendranagar, and Mumbai.
- Why
- Scammers used sophisticated tactics, including social engineering, fake apps, and impersonation, to trick victims into transferring money.
- Victim 1
- Urmila, wife of former CBI Joint Director VV Lakshmi Narayana
- Amount Lost (Victim 1)
- Rs 2.58 crore
- Victim 2
- Private employee from Malkajgiri
- Amount Lost (Victim 2)
- Rs 4 lakh
- Victim 3 and 4
- Two persons from Rajendranagar
- Amount Lost (Victims 3 and 4)
- Rs 64 lakh
- Victim 5
- Akhilesh Jayaraj Bhoir, a 33-year-old Kurla resident
- Amount Lost (Victim 5)
- Rs 6.88 lakh
Sources
Ex-CBI Officer's Wife Loses Rs 2.58 Crore To Cyber Fraud
Telegram Bitcoin Scam: Kurla Man Duped Of ₹6.88 Lakh After Being Lured With Assured Crypto Returns
Man Duped Of Rs. 4 Lakh By Imposter
Navi Mumbai loan consultant loses Rs 72 lakh in cryptocurrency fraud
Navi Mumbai Loan Consultant Loses Rs 72 Lakh In Crypto Fraud
Thane Digital Arrest Scam: 65-Year-Old Kalyan Man Loses ₹47.49 Lakh After Scammers Pose As CBI, TRAI Officials; Case Registered
