Crypto Investment Scam: Mumbai Businessman Loses 90 Lakhs, 3 Arrested

Mumbai
N
News18•17-01-2026, 21:29
Crypto Investment Scam: Mumbai Businessman Loses 90 Lakhs, 3 Arrested
- •A Mumbai-based textile businessman was defrauded of 90 lakh rupees in a cryptocurrency investment scam.
- •The victim, residing in Vile Parle and owning a company in Ghatkopar, was lured by Dhruv Mehta with promises of high crypto profits.
- •The businessman handed over 90 lakh rupees to Anthony Sahil at Dhruv's Andheri office, expecting 1 lakh USDT in return.
- •After the payment, the cryptocurrency was not credited, and the accused became unreachable, leading to the fraud discovery.
- •MIDC Police arrested Anthony Chettiyar alias Anthony Sahil, Sohel Khan, and Amjad Ali Sheikh; search for others continues.
Why It Matters: Three individuals arrested in Mumbai for defrauding a businessman of 90 lakhs in a crypto investment scam.
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