How 'CBI officer' swindled ₹25 crore from retired MNC honcho | India News - Times of India

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In what police say is one of the biggest cyber fraud cases targeting an individual in Mumbai, a retired director of a top company lost a huge sum of money to fraudsters who she believed were from the CBI. This and other cases serve as a warning - you may be educated, you may be internet savvy, you may think you're smart enough not to fall for such scams, but these scamsters are often a step ahead

In one of the biggest

cyber fraud

cases targeting an individual in Mumbai, a retired director of a multinational company (MNC) lost nearly Rs 25 crore to WhatsApp callers who said she was being probed in a

money laundering

case.

Cases like this are not new. In just 2023 alone, a total of 1.13 million cases of financial cyber fraud were reported, according to a Lok Sabha reply on February 6, 2024.