Mira Bhayandar Woman Reclaims ₹15.20 Lakh from Cyber Fraud

Mira Bhayandar, Maharashtra: A woman from Mira Bhayandar has successfully recovered ₹15.20 lakh lost to a cyber fraud five months after falling victim to a deceptive stock investment scheme. Fraudsters impersonated stock market experts, conducting online tutorials and offering investment advice, leading her to invest in multiple companies, ultimately resulting in a loss of ₹40 lakh.

The victim was lured by individuals posing as experienced traders, who conducted online sessions and provided tips to invest. After reporting the fraud through the National Cyber Crime Reporting Portal (NCRP), the cyber cell of the Mira Bhayandar-Vasai Virar (MBVV) police began an investigation, working with banks and digital payment gateways to trace the stolen funds.

The investigation led to the successful recovery of ₹15.20 lakh, which was returned to the victim's bank account.

Cyber frauds are addressed under the Information Technology Act, 2000, particularly Section 66D, which deals with cheating by impersonation using computer resources. Victims may also seek recovery through legal avenues or by applying to banks for refunds based on fraud recognition protocols.

This case highlights the importance of vigilance and quick reporting in combating cybercrime. The collaborative efforts of law enforcement, financial institutions, and victims played a crucial role in recovering the defrauded amount, while also stressing the need for caution when dealing with unknown online entities.