The accused, identified as Zuber Shamshad Khan, allegedly lured the woman, a resident of Goregaon in Mumbai, into investing in a cryptocurrency scheme, promising high returns
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The police on Saturday said that a 53-year-old woman was allegedly cheated of Rs 79 lakh over the last four-and-a-half years by her Facebook 'friend' who lured her into investing in a cryptocurrency scheme, reported news agency PTI.
"The accused, identified as Zuber Shamshad Khan, allegedly lured the woman, a resident of Goregaon in Mumbai, into investing in a cryptocurrency scheme, promising high returns," a Kharghar police station official in Navi Mumbai told PTI.
The woman invested Rs 78,82,684 between October 2020 and March 2025 in multiple transactions, he said.
The cryptocurrency fraud came to light when the victim attempted to retrieve her invested capital.
"When she sought a refund of the money, the accused refused to oblige her," police said.
An FIR was registered against Khan on May 15 under sections 318(4) (Cheating) of the Bharatiya Nyay Sanhita and relevant sections of the Information Technology Act.
No arrest has been made to date.
Pimpri Chinchwad firm loses nearly Rs 2 cr; man held from Gujarat
In another case, a man was arrested from Gujarat for allegedly duping a firm from Pimpri Chinchwad in Pune of nearly Rs 2 crore, an official said on Friday, reported PTI.
A sum of Rs 1 crore lost by the firm has also been recovered, the Pimpri Chinchwad police official added.
"An accountant of a Bhosari MIDC-based firm received a message on May 15, purportedly from the company's director, asking him to transfer Rs 1.95 crore into a client's account for a project. As the display name and photo linked to the number matched that of the director, the unsuspecting accountant transferred the funds," he said, reported PTI.
"Soon after, the actual director received a message on his phone about the transaction and alerted the accountant. It was then they realised a fraud had occurred. A case was immediately registered and teams began tracing the money trail to recover the amount," said the official, reported PTI.
Technical analysis revealed the funds had been distributed across multiple accounts, with some withdrawals being made from a bank in Surat in neighbouring Gujarat, he said.
With help from CCTV footage from the bank there, Jenil Waghela was held from Surat, the official said.
"We managed to freeze Rs 1 crore during the operation. Preliminary investigations suggest Waghela was assisted by two others from Gujarat. A probe is underway," the official added.
(With inputs from PTI)
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