Bank Manager Loses ₹1 Crore In Online Trading Scam

In another mind-boggling Mumbai crime news that happened with a Bank Manager in Juhu, the person was scammed of close to ₹1 Crore in an online share-trading scam. The scammers followed the template that these scams usually follow.

They first added the person to a Whatsapp group and gained her confidence. The scamsters then convinced the woman to download an app, and buy shares through the app for ease of use. Interestingly, in the FIR, the victim states that she was provided with a broking account number.

At the time of writing this article, we do not know whether the broking account number is legitimate. Being convinced, the woman started transferring money to the app.


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The total amount that the bank manager transferred is close to ₹1 Crore, and that too in different tranches, ranging from ₹24 Lakh to ₹50,000.

The pertinent question raises its question again. Even if the bank manager was hypnotised into transferring these said amounts, were there absolutely no checks and balances by the bank to ensure exactly why a person would transfer such major amounts to an account that she probably never did before?

The number of such online scams are increasing with every passing day, and the number of FIRs of these crimes are piling up.


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The Vigilant Blog covers the crime beat and has a finger on the pulse of the latest crimes and scams. Follow us on Facebook and Twitter to get more news like this.

In some cases, scamsters are known to have contacted people by making fake social media accounts of their friends as well.




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