Navi Mumbai Cyber Fraud: 59-Year-Old Nerul Entrepreneur Duped Of ₹1.41 Crore In Fake IPO Investment Scam; Case Registered

A 59-year-old Nerul entrepreneur was allegedly duped of Rs 1 crore 41 lakh 56 thousand in a fake IPO investment scheme. Fraudsters allegedly used a fake app and WhatsApp group to display fictitious profits of Rs 3 crore 1 lakh 82 thousand before demanding another 10% payment for withdrawal. Navi Mumbai Cyber Police are tracing the accused.