Navi Mumbai Woman Loses ₹2.29 Crore in Online Trading Scam

A 43-year-old entrepreneur from Belapur, Navi Mumbai, has reported a loss of ₹2.29 crore in a sophisticated online trading scam that occurred between April and July 2025. The police have launched an investigation to identify the fraudsters, who posed as financial advisors and manipulated the victim through a fake trading app.

The scam came to light when the woman's husband was added to a WhatsApp group called ‘VIP 1 Equity Exchange,’ which appeared to offer financial advice and stock trading tips. Encouraged by the high returns shared by other members, he sought investment guidance from the group.

The scammers, claiming to be affiliated with a reputable financial advisory firm, introduced a multi-phase investment plan and directed the couple to download a mobile app named ‘Impv Pro.’ Following their instructions, the woman created a trading account and transferred funds.

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