Archive · 13 Dec 2025
Mumbai Man Loses Rs 87 Lakh in Cyber Fraud
A 42-year-old man who works at TCS in Mumbai lost a lot of money in a cyber scam.
He got a message on WhatsApp from what looked like a well-known investment company.
They promised him big profits from investing in the stock market.
He joined a WhatsApp group where people shared pictures of their big profits.
After a month, he decided to invest.
He downloaded an app, filled out his personal information, and started trading.
He sent all his savings, Rs 86.85 lakh, to different bank accounts as told by the scammers.
When he tried to take his money out, they said he had to pay a 30% fee.
He got suspicious and reported it to the police.
The police are now investigating the case.
A 42-year-old TCS employee from Chembur, Mumbai, lost Rs 86.85 lakh in a cyber fraud involving fake stock market investments.
The victim received a WhatsApp message from a seemingly reputable investment firm and was added to a group with 104 members.
He downloaded an app, filled out personal information, and started trading, transferring his entire savings to different bank accounts as instructed.
When attempting to withdraw his funds, he was asked to pay a 30% service fee, which he found suspicious.
The East Cyber Police registered a case against eight unidentified individuals under the Bharatiya Nyaya Sanhita (BNS) and the Information Technology (IT) Act.
- Who
- A 42-year-old TCS employee from Chembur, Mumbai
- What
- Lost Rs 86.85 lakh in a cyber fraud involving fake stock market investments
- When
- Between November and December 8, 2023
- Where
- Chembur, Mumbai
- Why
- Due to a fake investment scheme promising high returns and manipulated trust through group classes and screenshots of profitable investments
Victim's Perspective
Scammer's Perspective
Investment Promises
Victim's Perspective
The victim believed in the promises of high returns and trusted the investment scheme.
Scammer's Perspective
The scammers used fake promises of high returns to lure the victim into the scheme.
Trust in the Scheme
Victim's Perspective
The victim trusted the scheme after seeing screenshots of profitable investments and attending group classes.
Scammer's Perspective
The scammers manipulated the victim's trust by showing fake profitable investments and conducting group classes.
- Victim's Age
- 42 years
- Amount Lost
- Rs 86.85 lakh
- Scam Type
- Fake stock market investment scheme
- Location
- Chembur, Mumbai
- Action Taken
- Police case registered under BNS and IT Act
- Number of Transactions
- 10
- Service Fee Demanded
- 30%
