Nagpur: A 55-year-old businessman from Manish Nagar allegedly lost ₹25,79,276 in a cyber investment fraud after scammers lured him with promises of high returns through a fake investment app.
According to the complaint, the fraudsters initially contacted the businessman through WhatsApp, sent him investment-related advertisements and messages, and promised attractive returns. After gaining his confidence, they added him to a fake WhatsApp group and persuaded him to invest money.
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Sept 24,2026 - Time 10.30Hrs
Added to Fake WhatsApp Investment Group
Police said the victim was added to a WhatsApp group named “MOFSL VIP 814”, where messages about investments, alleged profits and transactions by other members were shared.
The scammers then allegedly asked him to download an application called “MOFSL Pro.” The app displayed his invested amount along with purported returns, creating the impression that his money was continuously generating profits.
₹25.79 Lakh Transferred Through RTGS and NEFT
Believing the investment scheme to be genuine, the businessman transferred money several times from his HDFC Bank account through RTGS and NEFT to bank accounts provided by the accused.
Through multiple transactions, he allegedly transferred a total of ₹25,79,276.
When he later attempted to withdraw his investment, he was unable to recover the money. The accused allegedly failed to provide a satisfactory response, following which the businessman realised that he had potentially fallen victim to a cyber fraud.
Cyber Police Begin Investigation
The victim approached the Cyber Police, and a case was registered on September 22.
Police have registered a case under relevant provisions of the Bharatiya Nyaya Sanhita (BNS) relating to cheating, identity-related fraud and forgery, along with applicable provisions of the Information Technology Act.
Investigators are examining the mobile numbers, WhatsApp group, fake investment app and bank accounts allegedly used in the fraud. The transaction trail of the accounts into which the money was transferred is also being investigated.
No arrest has been made so far.
Police are attempting to identify the accused and trace the defrauded money for possible freezing or recovery. Citizens have also been advised to thoroughly verify online investment offers before downloading unfamiliar apps or transferring money to accounts provided by unknown persons.
