​A media professional from Mumbai’s western suburbs has fallen victim to a cyber fraud, losing nearly ₹3 crore. The scam began when he was enticed by promises of high returns on a ₹10 lakh insurance policy. To finance these investments, he took out loans exceeding ₹1 crore from five different banks and is now burdened with an EMI of ₹2.7 lakh.

This incident highlights a concerning trend of cyber frauds targeting individuals with promises of lucrative returns. In a similar case, a 78-year-old retired banking official in Noida lost ₹3.15 crore over 15 days after being deceived by fraudsters posing as law enforcement.

Authorities are urging the public to exercise caution and verify the authenticity of such offers before making financial commitments.

Sources