Mumbai Woman Falls Victim to Rs 7.88 Crore Cyber Fraud

A 62-year-old housewife from Mumbai was scammed out of Rs 7.88 crore by cyber fraudsters who posed as financial service representatives. The fraudsters initiated contact via WhatsApp, convincing her to invest the substantial amount in the stock market. A police investigation is underway.


Devdiscourse News Desk | Mumbai | Updated: 22-07-2025 09:49 IST | Created: 22-07-2025 09:49 IST
Mumbai Woman Falls Victim to Rs 7.88 Crore Cyber Fraud
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In a shocking cyber fraud case, a 62-year-old housewife from Mumbai was conned out of Rs 7.88 crore by fraudsters posing as representatives of a reputable financial services company.

The scammers initiated contact with the Bandra resident via WhatsApp, under the guise of investment opportunities in the stock market, ultimately convincing her to transfer the hefty sum over two months.

Authorities have launched an investigation based on her complaint, seeking to identify and prosecute those responsible under the relevant legal provisions.

(With inputs from agencies.)

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