In a disturbing case that highlights the vulnerability of elderly citizens, Mumbai Police has registered a formal complaint against two individuals for allegedly duping a 72-year-old senior citizen of ₹1.5 lakh in an elaborate investment fraud scheme.
The Elaborate Scam Unfolds
The victim, a resident of Mumbai, received an unsolicited phone call from fraudsters posing as representatives of a legitimate investment company. The accused painted an enticing picture of high-return investment opportunities that seemed too good to pass up.
"They used sophisticated psychological tactics to gain the senior citizen's trust," explained a police official familiar with the case. "The fraudsters presented themselves as financial advisors offering once-in-a-lifetime investment opportunities."
How the Fraud Was Executed
The modus operandi involved multiple layers of deception:
- Initial contact through unsolicited phone calls
- Presentation of fake credentials and company documents
- Promises of unusually high returns on small investments
- Creating false urgency to prevent victims from verifying claims
- Using multiple bank accounts to hide the money trail
Police Action and Investigation
The Kherwadi police station has registered a case under relevant sections of the Indian Penal Code pertaining to cheating and criminal conspiracy. The investigation is currently underway to identify and apprehend all individuals involved in the fraudulent scheme.
"We are following the digital footprints and financial transactions to track down the accused," stated investigating officers. "Such crimes against senior citizens are particularly heinous and we are pursuing this case with utmost priority."
Protecting Elderly Citizens from Financial Fraud
This incident serves as a crucial reminder for families with elderly members:
- Educate senior family members about common fraud tactics
- Verify the credentials of any financial advisor or company
- Avoid sharing personal and financial information with unknown callers
- Consult with trusted family members before making investment decisions
- Report suspicious calls or offers immediately to authorities
The Mumbai Police has urged citizens to remain vigilant and report any similar fraudulent activities to their cyber crime cell or local police station immediately.
