Mumbai Cyber Scam: Elderly Man Cheated of Rs 1 Crore in Fraud Case

A shocking case of cyber fraud has surfaced in South Mumbai, where a 67-year-old senior citizen was tricked into paying over ₹1 crore by cybercriminals. The fraudsters lured the victim with a special offer on his life insurance policy, claiming it was about to expire due to pending premium payments. Following the complaint filed by the elderly victim, the South Cyber Police Station has registered a case against an unidentified accused and initiated an investigation.

According to information received from the South Cyber Police, between January 22, 2025, and March 7, 2025, the victim received multiple calls from different numbers. The fraudsters, posing as representatives from Max Life Insurance, informed the victim that his premium had not been paid for a long time, leading to the imminent expiration of his policy.

One of the callers, identifying himself as Vikram Jain, assured the elderly man that if he paid the premium immediately, he would be eligible for a special offer, which would update his policy. Trusting the caller, the victim transferred ₹1,01,08,758 for the premium payment. However, when the policy was not updated even after the payment, the victim realized he had been scammed and approached the Cyber Police to register a complaint.

Based on the complaint, the South Cyber Cell has registered a case under sections 319(2), 318(4), 336(2), 336(3), 61(2) of the BNS (Bharatiya Nyaya Sanhita) and sections 66(A) and 66(D) of the IT Act. The investigation is currently underway.