Mumbai Cyber Fraud Alert: Online Conman Siphons Off Powai-Based Firm's ₹11.34 Cr; Cops Recover ₹11.2 Cr

Mumbai: A cybercriminal meticulously studied the communication patterns between a Powai-based Solar and Wind Mill manufacturing company and its bank before launching an email spoofing attack. This sophisticated fraud resulted in an unauthorised transfer of Rs 11.34 crore on Thursday morning. However, swift action following the company’s report to the 1930 Cyber Helpline led to the freezing of Rs 11.2 crore from fraudulent accounts.

The fraud came to light when the company’s chief accountant reviewed the firm’s financial transactions and noticed suspicious debits from its bank account. Upon discovering the breach, the matter was immediately reported to the West Cyber unit. According to a Times of India report, investigations revealed that an unidentified hacker had compromised the company’s bank-linked email ID to execute the fraud.

Deputy Commissioner of Police (Mumbai-Cyber) Datta Nalawade stated that a cybercrime team, including senior inspector Dattaram Chavan and inspector Nivruti Bawaskar, managed to block eight fraudulent accounts and recover the majority of the stolen funds within three hours. Cops confirmed that this was the largest financial recovery made by Mumbai’s cyber team. Meanwhile, investigations are ongoing to identify and apprehend the perpetrator.

Malabar Hill Resident Duped Of ₹5.62 Crore In Investment Scam

In a separate case, the South Cyber Police Station in Mumbai registered a major fraud case following a complaint from a Malabar Hill resident who was deceived into transferring Rs 5.62 crore. The scam, which took place between July 27, 2024, and February 12, 2025, involved fraudsters who lured the victim through social media and messaging apps, promising lucrative investment returns.

A woman named Aakruti Desai, along with her accomplices, gained the victim’s trust through platforms like Topface and WhatsApp, ultimately convincing them to transfer funds across multiple bank accounts. The complaint was officially filed on April 2, 2025, at the South Cyber Police Station, leading to the registration of a criminal case under multiple sections of the Bharatiya Nyaya Sanhita (BNS) and the Information Technology Act.

As of now, no arrests have been made and no assets have been seized. Cops are continuing their investigations to track down the fraudsters and recover the stolen funds.