Archive · 2 Jan 2026
Mulund Resident Loses Rs 1.24 Crore in Cyber Fraud
A 70-year-old man from Mulund in Mumbai lost a lot of money, Rs 1.24 crore, in a cyber fraud.
He saw an advertisement on Facebook about making money by trading shares.
He clicked on the link and gave his details.
Soon, he got a call from someone he didn't know, and they tricked him into investing all his savings.
He had retired from a pharmaceutical company and had four bank accounts.
The fraudsters contacted him through WhatsApp.
A 70-year-old Mulund resident lost Rs 1.24 crore in a cyber fraud.
The victim was lured by an advertisement on Facebook promising 30% profits in share trading.
He clicked on the link, updated his KYC, and received a call from an unknown number.
The fraudsters convinced him to invest all his savings through WhatsApp.
The victim had retired from a pharmaceutical firm in 2016 and had four bank accounts.
- Who
- A 70-year-old retired resident of Mulund (east), Navghar area
- What
- Lost Rs 1.24 crore in a cyber fraud involving share trading
- When
- On August 22
- Where
- Mulund (east), Navghar area
- Why
- Lured by the promise of 30% profit in share trading
- Victim's Age
- 70 years
- Victim's Residence
- Mulund (east), Navghar area
- Amount Lost
- Rs 1.24 crore
- Victim's Profession
- Retired from a pharmaceutical firm
- Number of Bank Accounts
- 4 (three in private banks, one in a public sector bank)
- Date of Incident
- August 22
- Platform Used for Fraud
- Initial Contact Method
- Facebook advertisement
