Navi Mumbai Cyber Fraud: 59-Year-Old Nerul Entrepreneur Duped Of ₹1.41 Crore In Fake IPO Investment Scam; Case Registered
Navi Mumbai, August 29, 2026: A 59-year-old woman entrepreneur from Nerul was allegedly duped of Rs 1 crore 41 lakh 56 thousand by cyber fraudsters who lured her with promises of high and assured returns from IPO investments. The accused allegedly used a fake investment application and a WhatsApp group to convince her that her investment had grown to Rs 3 crore 1 lakh 82 thousand. The Navi Mumbai…
A 59-year-old woman entrepreneur from Nerul, Maharashtra was reportedly defrauded of ₹1.41 crore in an alleged cyber fraud involving fake IPO investments. The suspects allegedly used a fake investment application and WhatsApp group to convince her that her investments had ballooned to ₹3.01 crore. The Navi Mumbai Cyber Police have registered a case against the accused under various provisions of the Indian Penal Code and Information Technology Act.
Investigators are now tracking the bank accounts and analyzing digital trails to uncover the culprits behind the scam.
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