Retired Officer Loses ₹9.7 Lakh in 'Siya Arora' Investment Scam; Police Investigate

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News18•05-01-2026, 11:56
Retired Officer Loses ₹9.7 Lakh in 'Siya Arora' Investment Scam; Police Investigate
- •A 61-year-old retired CGST Superintendent from Mumbai lost ₹9.70 lakh in an online investment scam after being lured by fake promises of high returns.
- •The victim was added to a WhatsApp group, 'Limited CLUB-60', where fake profit screenshots and the fear of 'being left out' were used to manipulate him.
- •He downloaded a fraudulent app, VSLNHW, and transferred money 10 times between Dec 13-27, believing he was investing.
- •The scammer, identified as 'Siya Arora', demanded more money after the app showed 'zero', revealing the fraud.
- •Police are investigating; public advised to avoid unsolicited investment calls/groups, check SEBI registration, and report scams immediately to 1930 or cybercrime.gov.in.
Why It Matters: Beware of online investment scams promising guaranteed high returns; verify legitimacy and report fraud immediately.
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