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Mumbai News

The Times of India News

Mumbai / The Times of India

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Mumbai's retired banker duped of Rs 1.35 crore in a investment scam

A retired banker in Mumbai fell victim to an online investment scam, losing Rs 1.35 crore. Lured by promises of high returns on fake IPOs, call options, and mutual funds via YouTube and WhatsApp, she invested heavily. After a small initial withdrawal, fraudsters demanded an exorbitant 'loan' repayment, revealing the elaborate deception.

24 Dec 2025 12:59 pm