Mumbai Crime News: 50-Year-Old Dongri Man Arrested In ₹5.39 Crore Online Investment Fraud Case

Mumbai: The South Cyber Region Police have arrested a 50-year-old man from Dongri in connection with a Rs 5.39 crore online investment fraud case targeting a woman in south Mumbai.

About The Case

The accused, Mohammad Arif Yusuf Khan, allegedly provided his bank account to cyber fraudsters, through which Rs 11 lakh of the scammed money was routed. According to the police, Khan has a criminal past and was earlier arrested in 2017 for drug-related offences by the Ghatkopar Anti-Narcotics Cell (ANC). He later started aiding cyber criminals by renting out bank accounts opened under outdated addresses in exchange for hefty commissions.

Between July 27, 2024, and February 12, 2025, the victim was lured with promises of high returns via the ‘Topface’ app and WhatsApp. The fraudsters convinced her to transfer Rs 5.39 crore over several transactions. Upon investigating, cyber officials traced one recipient account to Khan, discovering that the funds were withdrawn through checks and ATMs.

He was arrested after police matched transaction records with his account. In a separate case, the North Cyber Cell arrested three accused for allegedly duping a man of Rs 2.85 crore under the guise of stock market investment. The case was registered last year in March.