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Maharashtra News

The Times of India

Maharashtra / The Times of India

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Retd man loses Rs 7 crore in fake trading scheme in Mumbai, 3 arrested

Mumbai cyber police apprehended three individuals for aiding online fraudsters who duped a retiree of nearly Rs 7 crore through fake share trading. The victim believed his investment had soared to Rs 149 crore. The arrested men allegedly facilitated the transfer of Rs 76 lakh to company accounts they controlled, with one accused helping to open the shell companies.

15 Jun 2026 2:46 pm