Mumbai CA Scammed of ₹1 Crore in Fake Accounting Deal.

CA Duped of ₹1 Crore in Fake Accounting Deal

• Scammers Impersonate Officials to Extort Money

• Fraudsters Trap Investors with Fake SEBI Advisory

Unmesh Gujarathi
Sprouts News Exclusive

Contents

CA Duped of ₹1 Crore in Fake Accounting Deal • Scammers Impersonate Officials to Extort Money • Fraudsters Trap Investors with Fake SEBI Advisory

A Mumbai-based Chartered Accountant (CA) was tricked into transferring ₹1 crore by a fraudster posing as a company secretary. The scammer promised a lucrative accounting contract, but the CA realized the fraud only after the funds had vanished. Authorities are investigating the case.

This is part of a growing wave of cyber frauds in Mumbai, where scammers impersonate officials to con professionals. In another case, a businessman lost ₹1.3 crore after fraudsters posing as customs and CBI officers falsely accused him of money laundering and human trafficking. Fearful of arrest, he transferred the amount before realizing it was a scam.

In yet another case, a 52-year-old CA lost ₹23 lakh to fraudsters pretending to be SEBI-authorized advisors. They lured him with promises of high returns in stock market investments and vanished after securing the funds.

Also Read: NCLAT drops insolvency case against CCD (Café Coffee Day) after CDGL settles with IndusInd Bank.

These cases highlight the rising cyber fraud threats in Mumbai. Experts urge professionals to verify financial transactions and remain cautious against scammers exploiting their trust.