Navi Mumbai | January 12, 2026: A private company’s HR manager in Navi Mumbai has fallen victim to a sophisticated cyber investment scam, losing more than ₹36 lakh after being lured with promises of high and “safe” returns from online share trading. The fraud, executed over several months, involved impersonation, fake digital platforms and calculated psychological manipulation. An investigation has been initiated following the victim’s formal complaint.
According to the complaint, the first contact was made by a woman who introduced herself as a representative of a SEBI-registered investment firm. Through regular conversations, she assured the victim of quick and consistent profits through professional stock market trading. To build credibility, the victim was later added to a WhatsApp group that appeared to be an exclusive investment forum.
Certified Cyber Crime Investigator Course Launched by Centre for Police Technology
WhatsApp Group Used to Build Credibility and Trust
The group was active and carefully curated. Members frequently shared screenshots of trading profits, success stories and market tips, creating an impression of authenticity and widespread participation. Investigators say such groups are commonly used by fraudsters to build trust and apply subtle pressure by showcasing “others” who are allegedly earning substantial returns.
Fake Trading Platform Shows Early Profits
As part of the process, the victim was asked to download a link described as a secure investment platform. In the initial stage, an amount of around ₹50,000 was invested. Within a few days, the platform reflected profits, reinforcing the belief that the system was genuine. Encouraged by the apparent returns, the victim continued investing larger sums.
₹36.74 Lakh Transferred Over Multiple Instalments
Between August and September 2025, the HR manager transferred a total of ₹36.74 lakh in multiple instalments. Each transaction was accompanied by assurances that the funds were safe and could be withdrawn at any time. However, when the victim attempted to withdraw the accumulated amount, excuses began to surface.
Withdrawals Blocked With Excuses and Fake Charges
The withdrawal requests were repeatedly stalled on the pretext of technical issues, tax liabilities and additional service charges. Despite making further payments to clear these so-called formalities, no money was released. Soon after, the WhatsApp group became inactive and the contact numbers stopped responding altogether.
Complaint Filed, Cybercrime Probe Underway
It was at this stage that the victim realised he had been defrauded. A detailed complaint was subsequently lodged with the local authorities, outlining the sequence of events, financial transfers and digital interactions involved in the scam.
Based on the complaint, a case has been registered under relevant provisions of the Indian Penal Code and the Information Technology Act for cheating, criminal breach of trust and related offences against unidentified individuals. Investigating agencies are examining bank transactions, digital payment trails, mobile numbers, WhatsApp group activity and the fake investment platform used in the fraud.
Surge in Investment Scams Raises Red Flags
Cybercrime experts note a sharp rise in investment-related scams in recent months, particularly those exploiting the growing interest in online trading. Fraudsters often misuse the name of regulatory bodies, display fabricated profit dashboards and use messaging platforms to create a false sense of legitimacy and urgency.
Experts have urged investors to exercise extreme caution. They advise verifying the credentials of any firm claiming regulatory registration, avoiding unknown links or apps, and refraining from joining investment groups on social media or messaging platforms without thorough due diligence. Only authorised and well-established platforms should be used for financial investments.
Authorities Urge Prompt Reporting
Investigating agencies have also emphasised the importance of reporting such incidents promptly. Early complaints help preserve the digital trail, increasing the chances of tracing the perpetrators and preventing further losses. In the Navi Mumbai case, authorities are examining whether the same network may have targeted other victims using similar tactics.
