Mumbai Man Loses ₹11 Crore in 20 Days to Stock Market Investment Scam

• A 68-year-old Mumbai man was defrauded of ₹11 crore in just 20 days through a sophisticated stock market investment scam.
• The victim was lured by an online advertisement promising high returns and subsequently added to a WhatsApp group with fake experts and clients.
• Fraudsters used a mobile app to display fake MTM profits, showing his investment growing to ₹18 crore, building false trust.
• He transferred ₹11 crore to over 12 different bank accounts before realizing the fraud when asked for an additional ₹8 crore to withdraw funds.
• Authorities advise victims of cyber fraud to immediately call 1930, file a complaint on the National Cyber Crime Reporting Portal, and inform their bank.