Archive · 20 Sep 2026
Mumbai Man Loses ₹56 Lakh in Online Loan Scam
A 23-year-old man needed money and found a loan app online.
He asked for ₹60,000, but the app gave him only ₹50,000 after taking fees.
He repaid the loan and interest within eight days.
Later, the people behind the app demanded more money.
They used access to his phone to create fake, obscene pictures.
They threatened to send those pictures to his friends and family.
The man became frightened and sent money many times.
Over about 18 months, he lost more than ₹56 lakh, and police opened a case.
A 23-year-old man from Nanded applied for a ₹60,000 loan through an app advertised on Facebook and Instagram.
The app deposited ₹50,000 after deducting fees, but the victim repaid ₹60,000 plus interest within eight days.
Scammers later demanded another ₹60,000 and threatened to share obscene morphed images of the victim and his relatives.
The victim made 255 payments through multiple bank accounts over about 18 months, losing more than ₹56 lakh.
Mumbai cyber police registered a case under relevant provisions of the Bharatiya Nyaya Sanhita and Information Technology Act.
- Who
- A 23-year-old man from Nanded and scammers operating through an online loan app.
- What
- The man was allegedly blackmailed with obscene morphed photographs and made 255 payments totaling more than ₹56 lakh.
- When
- The ordeal began in March 2025 and continued until September 5, 2026, according to the article.
- Where
- The victim was from Nanded, while the case was registered by Mumbai cyber police.
- Why
- The scammers allegedly obtained access to his phone gallery and contacts through app permissions and threatened social defamation to extort money.
- Initial loan requested
- ₹60,000
- Amount disbursed
- ₹50,000 after processing fees
- Repayment of original loan
- ₹60,000 plus interest within eight days
- Total alleged loss
- More than ₹56 lakh
- Number of transactions
- 255
- Reported period
- March 2025 to September 5, 2026
- Police action
- Case registered under relevant sections of the Bharatiya Nyaya Sanhita and Information Technology Act