Homemaker Loses Over ₹1 Crore in Crypto Scam; One Held

Navi Mumbai – A 53-year-old homemaker from Kharghar has allegedly fallen victim to a cryptocurrency investment scam, resulting in a loss of ₹1.03 crore. Police have arrested one suspect in connection with the case.

According to Senior Inspector Dipali Patil from the Panvel Cyber Cell, the accused, identified as Zubair Shamshad Khan, was apprehended in Mumbra, Thane. Khan is a resident of Jarimari, Andheri.

The incident came to light after the victim lodged a complaint in May, stating that she had been lured into investing in cryptocurrency schemes that promised high returns. Initially, the FIR recorded a loss of around ₹78.82 lakh, but further investigation revealed the total amount defrauded was over ₹1 crore.

Police are continuing their probe to determine if more individuals were involved in the scam or if additional victims exist.