Mumbai Lawyer Loses Rs 9.94 Crore in Sophisticated Cyber Investment Fraud Scheme

Nov 13, 2025 04:59 pm CST

A 65-year-old retired lawyer from Mumbai fell victim to an elaborate cyber scam, losing Rs 9.94 crore after being lured into investing through a fake trading app impersonating a reputable financial firm. The fraudsters created a convincing facade using WhatsApp groups and fake investment platforms to deceive the victim over several months before disappearing with his money.