Mumbai: Two Arrested in ₹4.62 Crore Cyber Fraud Targeting Retired IIT Staffer
Mumbai police have apprehended two individuals, Narendra Sinha and Gunjan Devkumar Dineshchandra, for their alleged involvement in a cyber fraud scheme that defrauded a 74-year-old retired IIT Bombay staff member of ₹4.62 crore.
- Modus Operandi: The victim was coerced through impersonation, with fraudsters posing as telecom officials and CBI officers.
- Financial Loss: The victim transferred ₹4.62 crore between October 2025 and January 2026.
- Arrests: Sinha and Dineshchandra allegedly provided bank accounts for routing the defrauded money.
- Investigation: The Western Region Cyber Cell is conducting further investigation to identify additional suspects.