Overview
- Police in Pune probing a Rs 22 crore swindle of an 85-year-old say seven mule accounts handled roughly 80,000 transactions, with PMJDY accounts used, ATM withdrawals captured on CCTV, and some money traced overseas; eight suspects are in custody and Rs 3.28 crore is frozen.
- Mumbai’s North Region Cyber Police registered an FIR after a 63-year-old Malad businessman lost ₹7.71 crore through a sham platform that displayed inflated gains and then demanded fees when he tried to withdraw.
- A week-long Malkajgiri cybercrime crackdown led to six arrests across multiple states and refunds of ₹16.9 lakh, including cases tied to WhatsApp and Facebook trading groups and mule accounts in Maharashtra and Andhra Pradesh.
- The MBVV Cyber Police traced and returned ₹61.68 lakh to a senior citizen in a ‘digital arrest’ case, and Navi Mumbai police prevented a 72-year-old Vashi woman from losing fixed deposits by freezing transactions in time.
- Data from Karnataka show 6,156 investment-fraud cases in 2025, highlighting how scams pivot from social-media recruitment to fake trading apps despite repeated SEBI and police advisories.