A 73-year-old retired SIDBI general manager from Navi Mumbai lost ₹65.19 lakh in an online share trading fraud after being misled by a WhatsApp group promising double returns.
The incident took place in Navi Mumbai
Jul 26, 2026
06:04 pm
What's the storyA 73-year-old retired general manager of the Small Industries Development Bank of India (SIDBI) has allegedly been duped of ₹65.19 lakh in an online share trading fraud.
The incident took place in Navi Mumbai, where the victim was lured into the scam by a group of fraudsters.
Hyderabad man loses ₹43 lakh in cyber fraud scheme; police warn public to verify financial offers to avoid scams.
Fraudsters used fake investment groups, bogus trading platforms and fabricated profits
The complainant, a resident of Sector 30A in Vashi, told police that he was added to a WhatsApp group named Laxmi Capital 20191…
A 72-year-old man in Kochi loses ₹81 lakh to a cyber fraud scheme promising high returns through a fake trading platform.
According to the FIR, the fraudsters operated a WhatsApp group named ‘601 Dalal Street Expert Forum’ and a Telegram channel…
The complainant told police that he came across a promotional video of ASK Investment Management on Facebook on March 9, 2025.…
