📷 Image: Wikimedia Commons / Victorgrigas
Crime
Mumbai Cyber Police Arrest Two in ₹2.87 Cr Trading Fraud
✍️ The Times of India
🗓 01 Nov 2026, 07:57 AM
👁 19
Two suspects from Mumbai were arrested by cyber police for orchestrating a ₹2.87 crore trading fraud scheme.
Mumbai cyber police have detained two individuals suspected of masterminding a trading fraud that netted approximately ₹2.87 crore. The arrests were made after an investigation into irregularities in online trading platforms linked to the suspects.
According to police statements, the fraud involved manipulating trading transactions to siphon off funds from unsuspecting investors. The operation allegedly exploited loopholes in the digital trading infrastructure.
The arrested men are currently in custody pending further inquiry. Police have not yet released details about the specific platforms or the identities of the victims.
The case underscores the growing focus of law enforcement on cyber‑related financial crimes in India.
According to police statements, the fraud involved manipulating trading transactions to siphon off funds from unsuspecting investors. The operation allegedly exploited loopholes in the digital trading infrastructure.
The arrested men are currently in custody pending further inquiry. Police have not yet released details about the specific platforms or the identities of the victims.
The case underscores the growing focus of law enforcement on cyber‑related financial crimes in India.