Navi Mumbai Loan Consultant Loses Over ₹72 Lakh in Cryptocurrency Investment Fraud
2 hours agoCrime
43LENS
1 SourcesNavi Mumbai, India
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Navi Mumbai Loan Consultant Loses Over ₹72 Lakh in Cryptocurrency Investment Fraud

A 56-year-old loan consultant in Navi Mumbai has reportedly lost ₹72.7 lakh in a cryptocurrency investment scam. The victim was allegedly persuaded to invest in USDT (Tether) with promises of high returns. After depositing funds between May 2024 and December 2025, the fraudsters reportedly ceased contact. Police have registered a case against five unidentified individuals and three web platforms under relevant sections of the Bharatiya Nyaya Sanhita and the Information Technology Act.

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