Updated On: 09 January, 2024 05:21 AM IST | Mumbai | Apoorva Agashe
Amount is major part of the money lost by a victim lured online by cyber fraudsters

The fraudsters had contacted the victim on Instagram and had lured the victim to invest in share market. Representation Pic
Timely action by the Mumbai police crime branch has stopped fraudsters from making away with Rs 3.70 crore, a major part of the money that had been fleeced from a victim on the pretext of investment. This was done within 48 hours of the crime being reported to the police. The victim had approached the Mumbai police crime branch through the cyber crime helpline number 1930.
According to the police, the victim had reported that the fraudsters had contacted the victim on Instagram and had lured the victim to invest in share market, “The victim was lured as the fraudsters told her that she would get double the amount that she invested. On investing the money, the app given by the fraudster to track the investment showed the money had indeed doubled. However she was unable to withdraw the amount and realized that she had been duped to Rs 4.56 crore,” said deputy commissioner of police Dr D S Swamy. During the investigation it was revealed that the amount was transferred to a bank and hence Rs 3.70 crore lying in various banks were frozen with the help of the police.