Cyber Fraud: Mumbai Retired Captain Loses Rs 11.16 Crore, Scammer Arrested with 33 Cards and 12 Cheques!

Mumbai(The Uttam Hindu):In recent days, cybercrime cases have surged across India, with individuals being defrauded from the comfort of their homes. A particularly alarming incident occurred in Mumbai, where a 75-year-old retired ship captain fell victim to a significant cyber fraud scheme. Promised lucrative returns on investments in the stock market, he lost a staggering ₹11.16 crore between August and November.

Details of the Fraud

The retired captain was lured into the scam by false claims of high returns on stock market investments. The fraud unfolded over several months, during which he was convinced to transfer large sums of money to the scammers. The police reported that the accused, identified as Kaif Ibrahim Mansuri, a known criminal with a history of similar offenses, was arrested in connection with this case. During his apprehension, authorities seized 33 debit cards and 12 checkbooks from various banks, indicating the scale and organization of the fraudulent operation.

Police Investigation

The police's investigation revealed that Mansuri had been involved in multiple scams targeting vulnerable individuals, particularly those unfamiliar with online financial transactions. This incident highlights the growing trend of cyber fraud in India, where criminals exploit the lack of digital literacy among certain populations.

Community Impact

The case has raised concerns about the safety of elderly individuals and others who may be less aware of the tactics used by cybercriminals. Authorities are urging citizens to remain vigilant and report any suspicious communications or offers that seem too good to be true.

As cybercrime continues to rise, law enforcement agencies are ramping up efforts to educate the public about these risks and improve their response to such fraudulent activities.