A senior bank executive in Chembur, Mumbai, was deceived by cyber fraudsters who scammed him out of ₹97.78 lakh (approximately $118,000 USD) through a fake share trading scheme. The 44-year-old victim, working as an Assistant Vice President at a prominent bank, was initially contacted via WhatsApp by a fraudster posing as an investment advisor's assistant. After being convinced to download a fraudulent mobile application, he made an initial investment of ₹50,000 (roughly $600 USD), which showed a 5% return, encouraging him to invest more. Over a span of two months, he transferred nearly ₹98 lakh to various accounts, believing he was generating profits. The scammers even returned ₹70,000 (about $840 USD) to maintain credibility. However, when the victim attempted to withdraw his funds, the fraudsters ceased communication, prompting him to report the incident to the National Cyber Helpline and file a First Information Report (FIR) with the cyber police.