Two persons were arrested after a 74-year-old retired IIT-Bombay staffer was cheated of Rs 4.62 crore through threats of CBI action. The police officials further said the complainant, a woman, earlier worked as a medical officer with the Indian Institute of Technology (IIT) Bombay
The accused had opened multiple bank accounts and provided them to cyber fraudsters. Representational pic
Two persons were arrested after a 74-year-old retired Indian Institute of Technology (IIT)-Bombay staffer was cheated of Rs 4.62 crore through threats of Central Bureau of Investigation (CBI) action, with the money allegedly transferred to their bank accounts, news agency PTI reported, quoting the police.
The complainant worked as a medical officer with IIT-Bombay, police said. They added that the two accused, Narendra Sinha and Gunjan Devkumar Dineshchandra, were arrested for allegedly providing their bank accounts to cybercriminals to route the defrauded money.
"The victim first received a video call from a person posing as a telecom department official, followed by another accused impersonating an IPS officer, who alleged that her Aadhaar card had been misused to open a bank account used to launder Rs 6 crore," an officer said.
She was told that the CBI had registered a case in this regard and that she was likely to be arrested.
"Under pressure, the woman prematurely withdrew her fixed and recurring deposits and transferred Rs 4.62 crore between October 2025 and January 2026 into bank accounts provided by the cybercriminals. After realising she had been cheated, the woman lodged a police complaint," the officer added.
According to the police, a case of cheating by impersonation as well as offences under the Information Technology Act was registered and transferred to the western region cyber cell for further investigation.
The officers also highlighted that a probe into the money trail zeroed in on Sinha and Dineshchandra, who had opened multiple bank accounts and provided them to cyber fraudsters, reported PTI.
Briefing about the investigation, the officer further said, "The amount that was deposited into these accounts was withdrawn by Sinha and Dineshchandra and handed over to cyber criminals in exchange for a commission. Based on these findings, the cyber cell arrested both the accused. Further investigation is underway to identify more persons involved in this case."
Mumbai Cyber Police arrest three for Rs 48.5-lakh cyber fraud
Earlier, the North Cyber Police in Mumbai had arrested three Pune-based men for allegedly cheating a Borivli-based businessman of Rs 48.50 lakh by luring him into fake share market investment schemes promising high returns.
According to the police, the accused were engaged in different businesses but joined a cyber fraud syndicate in search of easy money and part-time income. They allegedly provided bank accounts to route the cheated money and earned commissions in return.
(With inputs from PTI)
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
