Archive · 15 Aug 2025
Mumbai Businessman Loses ₹51.9 Lakh in Online Stock Scam
A businessman in Mumbai lost over fifty lakh rupees in a fake stock trading scam.
He was added to WhatsApp groups that tricked him into investing.
He used apps that showed fake profits, but when he tried to get his money back, he couldn't.
He reported the crime to the cyber police, who are now looking for the people who did it.
A Mumbai businessman was defrauded of ₹51.9 lakh in an online stock trading scam.
The victim was added to WhatsApp groups promoting fake investment opportunities.
Fraudulent trading apps, including clones, were used to display inflated profits.
The victim transferred funds via RTGS and net banking to accounts provided by the scammers.
After failed withdrawal attempts, the victim reported the fraud to the Cyber Police.
- Who
- Cybercriminals operating fake investment schemes.
- What
- A businessman was defrauded of ₹51.9 lakh in an online stock trading scam.
- When
- Between June 13 and August 7, 2025.
- Where
- Mumbai, India
- Why
- To steal money through a fraudulent online stock trading scheme.
- Victim
- Mumbai Businessman
- Amount Lost
- ₹51.9 lakh
- Type of Scam
- Online Stock Trading
- Fraud Duration
- June 13, 2025 - August 5, 2025
- Police Involvement
- Mumbai Cyber Police
- Status
- Ongoing Investigation
Sources
Mumbai Crime Branch Busts Gang Renting Bank Accounts And SIM Cards For International Cyber Frauds
Woman loses Rs 7.8 crore in cyber fraud, Mumbai police stops ongoing digital arrest
Mumbai News: Senior Citizen Duped Of ₹7.72 Crore In 'Digital Arrest' Cyber Fraud
