A 73-year-old chemicals consultant from Mumbai’s western suburbs was defrauded of nearly ₹3 crore in an investment scam orchestrated by cybercriminals. One of the perpetrators posed as a former chairman of the Bombay Stock Exchange (BSE) to gain the victim’s trust. The North Region Cyber Police registered a First Information Report (FIR) against four unidentified individuals on May 3, 2025 .

This incident highlights the growing threat of cyber fraud, particularly targeting senior citizens through impersonation and financial scams. Authorities are urging the public to exercise caution and verify the credentials of individuals before making any financial investments.

This incident highlights the growing threat of cyber fraud, particularly targeting senior citizens through impersonation and financial scams. Authorities are urging the public to exercise caution and verify the credentials of individuals before making any financial investments.

Sources