As of May 23, 2025, there are no reports of a man being arrested specifically for a ₹20 lakh fraud in Mumbai. However, several recent cases across India involve similar amounts and types of cyber fraud.

Bhiwandi, Maharashtra: A 42-year-old man was arrested by the Central Cyber Cell for aiding cyber fraudsters in a share trading scam. The fraudsters posed as representatives of a reputable share trading company and defrauded a woman of ₹20 lakh. The arrested individual allowed the fraudsters to use his bank account to park funds obtained through illegal means.

Durgesh Singh Tomar, a 38-year-old BCom graduate from Gwalior, was arrested in connection with cyber frauds totaling ₹20-25 lakh in Agra. Tomar employed methods such as creating fake female profiles for romantic extortion and offering online trading tutorials via a messaging group named “Robotxauusdfx,” promoting robotic trading strategies with high returns. He controlled the trading accounts he set up for victims and used forged documents to open multiple bank accounts to receive the defrauded funds.

A 42-year-old man was arrested by the cyber crime unit of Hyderabad police for allegedly being involved in a digital arrest fraud that duped a senior citizen of nearly ₹20 lakh. The accused used internet-based platforms to impersonate government officials from agencies such as the CBI, ED, TRAI, and others, threatening victims with false accusations and coercing them into transferring large sums of money.

An 84-year-old businessman was allegedly duped of ₹20 lakh by cyber fraudsters who posed as senior Central Bureau of Investigation (CBI) officers and threatened to digitally arrest him in a money laundering case. The fraudsters sent him documents from the ‘CBI’ and the ‘Reserve Bank of India,’ leading him to fall for the scam and transfer the money.

These cases highlight the prevalence of cyber frauds involving significant amounts of money across various regions in India. It’s essential to remain vigilant and report any suspicious activities to the authorities promptly.

Sources