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45-year-old Naval Dockyard staffer loses ₹1.09 crore to fake share trading scheme on WhatsApp

May 1, 2025Diva, India2 sources

Summary

A 45-year-old Naval Dockyard staffer from Diva (East) lost ₹1.09 crore to cyber fraudsters through a fake share trading scheme on WhatsApp. The victim was added to multiple WhatsApp groups by unknown numbers that promised high returns on share market investments. Scammers showed him a fake trading platform with inflated profits of ₹2.64 crore to gain his trust. Over several months, he was asked to transfer money to various bank accounts. When he tried to withdraw funds, a group administrator named "Shruti" demanded additional payments for taxes and commission. The victim filed a complaint with Mumbra police and the cyber crime portal after realizing he had been cheated.

Incident Details

Domain
Fraud & Financial
Harm Types
AI-Powered Financial Fraud
Mechanism
contact
Platforms
Recipient
IndividualA 45-year-old Naval Dockyard staffer resident of Diva (East)
Dimensions
economic