9 hrs ago
Mumbai Cyber Fraud Victim Loses ₹10 Lakh in Trading Scam
A scientific assistant in Mumbai was invited to online groups that promised large profits from stock trading.
The groups shared stock tips that appeared to work.
This made him believe the investment scheme was real.
He then invested about ₹10 lakh through an app and a website.
The website showed that his money had supposedly grown to ₹47.32 lakh.
However, it said he needed to pay another ₹7.84 lakh before he could withdraw the money.
When he asked for the amount to be deducted from his displayed balance, the people allegedly refused.
He then reported the matter to the police.
Police are investigating the people, groups and website involved.
A 38-year-old Tata Memorial Centre scientific assistant allegedly lost about ₹10 lakh in an online trading fraud.
Santosh Krishna Tambe was reportedly added to WhatsApp and Telegram groups promising profitable stock market investments.
He allegedly invested through the Groww app and a website called antaraindia.com.
The website displayed a purported balance of ₹47.32 lakh but demanded another ₹7.84 lakh before withdrawal.
Trombay police registered a case under Section 66(D) of the Information Technology Act and relevant BNS provisions.
- Who
- Santosh Krishna Tambe, a 38-year-old scientific assistant at Tata Memorial Centre, was allegedly defrauded.
- What
- He allegedly lost about ₹10 lakh in an online stock-trading scam.
- Where
- The complaint was made in Mumbai at the BKC Cyber Police Station and Trombay Police Station.
- When
- He joined the trading group on June 1, 2026, reported the fraud on September 20, 2026, and the report is dated September 24, 2026.
- Why
- The alleged fraudsters promised high stock-market returns and demanded an additional payment before allowing withdrawal of purported profits.
Key facts
- Complainant
- Santosh Krishna Tambe
- Occupation
- Scientific assistant at Tata Memorial Centre
- Alleged loss
- Approximately ₹10 lakh
- WhatsApp group
- ANTARA INDIA EVERGREEN
- Arattai group
- AH103 Antara Rapid Profit Plan Group
- Displayed account balance
- ₹47.32 lakh
- Additional amount demanded
- ₹7.84 lakh
- Police action
- Case registered under Section 66(D) of the Information Technology Act and relevant Bharatiya Nyaya Sanhita provisions
Sources
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