💻 Biggest Digital Arrest Heist: Mumbai Businessman Loses ₹58 Crore to Cyber Fraud
⚠️ 72-Year-Old Stock Trader Trapped in Fake CBI-ED Probe
MUMBAI: In one of the largest cyber frauds in India, a 72-year-old Mumbai-based businessman dealing in stocks was duped of a staggering ₹58 crore by a gang posing as Enforcement Directorate (ED) and Central Bureau of Investigation (CBI) officers. The fraudsters allegedly placed him and his wife under a so-called “digital arrest”, threatening prosecution for money laundering if they failed to cooperate.
🎭 Fake Officers, Forged Documents, and Fear Tactics
According to police, the gang used forged documents, fake government IDs, and video calls via WhatsApp to convince the couple that they were under investigation. Terrified, the businessman transferred funds “for investigation clearance” between August 19 and October 8, 2025 — a total of ₹58.13 crore routed through 18 bank accounts across Maharashtra and other states.
🕵️ The Cyber Conmen Behind the Scam
Police identified the accused as Abdul Nasir Khulli (47) of Malad, Arjun Kadwasara (55), a steel trader from Chira Bazaar, and his brother Jetharam Kadwasara (35) from Mumbai Central. Each accused allegedly received ₹25 lakh in personal accounts. Investigators also found links to Aircool Enterprises, a firm registered in the name of Nasir’s wife, and Meghdoot Trading Company, connected to Arjun.
💰 The Gujarat Connection
Nasir reportedly acted on the instructions of Ankit Shah, suspected to be operating from Gujarat. He even travelled to Gujarat and Rajasthan in September to manage fund transfers and set up new money channels.
🚨 Crackdown and Investigation
Police have booked the trio under sections of the Bharatiya Nyaya Sanhita (BNS) for cheating, forgery, impersonation, and criminal intimidation, along with Sections 66(C) and 66(D) of the Information Technology Act. Multiple bank accounts have been frozen, and cyber teams from Thane, Gujarat, and Rajasthan are tracking the digital evidence trail.
👮 Investigation Team
The probe is being led by Inspector Abhijit Sonawane, DIG Sanjay Shintre, and Additional DG Yashasvi Yadav, who are coordinating with national cyber agencies to unravel what could be India’s biggest ‘digital arrest’ scam.
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