Elderly Investor Loses ₹58 Crore in Fake Government Official Scam

A 72-year-old retired investor in Maharashtra lost ₹58.13 crore in a 40-day digital scam, months after receiving ₹50 crore from share sales. The fraud started with a fake video call from a "TRAI official" claiming his mobile number was linked to illegal activities, escalating to psychological manipulation where scammers posed as police, court officials, and bank authorities to coerce RTGS transfers to "government accounts."


Victims were isolated under "digital arrest," visiting banks multiple times without contacting family. Maharashtra Cyber Police arrested seven suspects, identifying 6,500 mule accounts across 13 layers, with ₹3.5 crore traced so far.


Experts warn of evolving digital coercion tactics.
Protect yourself: Verify calls independently, avoid sharing details, and report suspicions to cyber police immediately to safeguard against these manipulative scams.
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