Pune Cyber Fraud: Elderly Man Loses ₹22 Crore in Share Trading Scam, 4 Arrested

India
M
Moneycontrol•10-02-2026, 12:41
Pune Cyber Fraud: Elderly Man Loses ₹22 Crore in Share Trading Scam, 4 Arrested
- •An 85-year-old retired entrepreneur from Hadapsar was defrauded of ₹22.03 crore in an online share trading scam.
- •Pune Cyber Police arrested four individuals from Chhatrapati Sambhajinagar and Thane in connection with the fraud.
- •The accused provided their bank accounts to main fraudsters for a commission, facilitating illegal transactions.
- •The victim transferred money to 150 accounts, mostly fake, between October last year and January 12 this year.
- •This is the largest cyber fraud by amount within Pune Cyber Police's jurisdiction, involving 26 mobile numbers and a fake app.
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