An 85-year-old retired entrepreneur from Hadapsar in Pune was duped of over R22 crore in one of Pune’s biggest online share-trading frauds. The scam, executed in November 2025, involved fraudsters posing as investment advisors who lured the victim with promises of high returns through bogus online trading platforms.

According to the Cyber Police, the accused used 26 mobile numbers, fraudulent websites, and a fake trading application to gain the senior citizen’s trust. Subsequently, he was persuaded to transfer large sums in phases, believing he was earning substantial profits. So far, eight accused have been arrested from Chhatrapati Sambhajinagar, and Ambernath in Thane district.