Archive · 7 Jan 2026
Police Uncover Rs 200 Crore Online Fraud Syndicate
Police in Maharashtra found a big group of scammers who tricked many people out of over Rs 200 crore.
They used dating websites and social media to make friends with their victims.
Then, they promised big profits from fake online trading in forex and gold.
The victims were sent to fake websites to put in their money.
The scammers quickly moved the money through many bank accounts, often sending it out of India.
Police have caught seven people, but the main bosses are still hiding outside the country.
They are working to find all the money and catch the rest of the criminals.
Police uncovered an international syndicate defrauding over Rs 200 crore through fake online trading schemes.
Seven individuals arrested, linked to 51 criminal cases across multiple Indian states.
Fraudsters used matrimonial websites and social media to gain victims' trust before luring them into fraudulent investments.
Victims were directed to fake websites showing manipulated trading data and asked to deposit money into 'mule' accounts.
Investigation ongoing to trace the money trail and identify overseas handlers.
- Who
- Seven individuals arrested, masterminds believed to be operating from abroad
- What
- Fraudulent online forex and gold trading schemes
- When
- Breakthrough on November 12, 2025
- Where
- Maharashtra, India, with international links
- Why
- To defraud victims of over Rs 200 crore
- Amount Defrauded
- Rs 200 crore
- Number of Cases
- 51
- Number of Arrests
- 7
- Date of Breakthrough
- November 12, 2025
- Location of Raid
- Shivsai Residency Lodge and Boarding, Mumbai-Ahmedabad Highway
- States Involved
- Maharashtra, Delhi, Telangana, Karnataka, Haryana, Madhya Pradesh, Gujarat, Rajasthan, Uttar Pradesh, Uttarakhand, West Bengal, Goa