IIT-B Senior Citizen Loses 4 62 Cr in Fraud; 2 Jailed

Mumbai: Two Arrested in 4 62 Crore Cyber Scams Targeting Retired IIT Staffer

Mumbai police have nabbed two individuals, Narendra Sinha and Gunjan Devkumar Dineshchandra, for their affirmed participation in a virtual fraud system that defrauded a 74 -year-old retired IIT Bombay team member of 4 62 crore.

• Method Operandi: The target was pushed with acting, with defrauders posing as telecom authorities and CBI police officers.
• Financial Loss: The target moved 4 62 crore in between October 2025 and January 2026
• Apprehensions: Sinha and Dineshchandra presumably provided checking account for transmitting the defrauded money.
• Investigation: The Western Area Cyber Cell is performing further examination to identify extra suspects.

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