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A shocking case of cyber fraud has come to light in Mumbai. A 65-year-old retired L&T executive and legal advisor from Mulund was duped of approximately Rs 9.94 crore by fraudsters posing as officials of the prestigious brokerage firm Anand Rathi Shares and Stock Brokers Limited.

The victim identified as Ghanshyam Machhindra Mhatre fell victim to a major investment scam perpetrated through a fake trading application called “AR Trade Mobi.”

The fraud reportedly began in June when Mhatre received a WhatsApp message from a woman. She identified herself as Suman Gupta and claimed to be an “admin” for Anand Rathi.

Furthermore she convinced him to invest through the app which was falsely presented as the company’s official trading platform.

To appear credible he sent a download link and collected their PAN and KYC details. Not only this but soon after the victim was added to a WhatsApp group called “Anand Rathi VIP 12,” where several people pretended to be analysts and market experts.

They also regularly shared IPO recommendations, stock tips and mutual fund updates. This created an atmosphere that appeared completely legitimate.

As the fake app began showing consistent profits Mhatre believed his investments were growing.

Encouraged by the promised returns he continued investing large sums for several months. Between June and November he transferred a total of Rs 9,94,76,958 to multiple bank accounts provided by the scammers, believing he was participating in IPOs and high-return schemes.

When he tried to withdraw his returns every transaction failed.

The fraudsters claimed the failures were due to “technical issues” and later demanded additional money for taxes and commissions.

Sensing something was amiss, Mhatre went to Anand Rathi’s actual office in Malad (East).

Officials confirmed that no employee named Suman Gupta worked there and that the AR Trade Mobi app had no connection to the company. Only then did he realize he had fallen prey to a complex cyber fraud.

Following this revelation Mhatre filed a complaint at the East Zone Cyber ​​Police Station (Shivajinagar). The police have also registered an FIR against ten unidentified individuals under the Indian Penal Code (IPC) and the Information Technology Act.

Importantly preliminary investigations indicate that the fraudsters are part of a large, organized network operating across the country. Furthermore this network allegedly creates fake WhatsApp groups using the names of well-known financial institutions. They also lure victims through fraudulent apps by promising high returns and false profits.

Cyber ​​police are now tracking money transactions to identify and arrest those involved in this scam estimated to cost approximately Rs 10 crore. Authorities have also warned the public about the increasing number of such investment frauds, which exploit trusted brand names and social engineering techniques.

Also Read: Ghodbunder Highway Work to Be Completed by January 2026, Confirms Maharashtra Transport Minister

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Thursday morning dawned pleasantly cool in Mumbai as winter-like conditions finally began to develop in the city.

According to the India Meteorological Department (IMD) clear skies are expected throughout the day in the financial capital bringing relief from the humid conditions of the past few weeks.

Furthermore the maximum temperature in Mumbai is expected to hover around 32°C. While the minimum temperature may drop to 18-19°C in the evening giving residents their first taste of winter.

Notably the minimum temperature in Colaba was recorded at 23.1°C and humidity at 71%. The Santacruz Observatory recorded a minimum temperature of 20.3°C and humidity at 43%. No rain was recorded at either station.

The seasonal rainfall total in Mumbai remained unchanged at 216.3 mm in Colaba and 106.6 mm in Santacruz.

Across the Konkan and wider region of Western Maharashtra Ratnagiri recorded a minimum temperature of 21.5°C. Satara recorded 15°C with overcast skies and Mahabaleshwar was the coldest at 12.4°C.

Despite the pleasant weather air quality in Mumbai remains a major concern. Worryingly on Thursday morning the Central Pollution Control Board’s SAMEER app recorded the city’s overall AQI at 143 which falls close to the ‘moderate’ to ‘poor’ category.

Furthermore some areas particularly in South and Central Mumbai experienced severe conditions. Air quality levels were recorded as ‘unhealthy to severe’ in Colaba (305), Mazgaon (295) and Wadala Truck Terminal (405) and a noticeable haze lingered in parts of the coastal areas.

In the western suburbs AQI levels were slightly better, but still poor reaching 120 in Jogeshwari, 133 in Malad West, 137 in Santacruz East and exceeding 160 in Kandivali East and Borivali East.

Most importantly experts have warned that as winter progresses, Mumbai’s air quality may deteriorate further due to slower wind speeds and a lack of humidity in the atmosphere. It’s worth noting that this trend has been observed every year since 2022 especially between November and January.

Meanwhile the India Meteorological Department has also issued a cold wave warning for parts of India, including Kerala. Additionally three active cyclonic circulations over Tamil Nadu, Haryana and Assam are influencing weather patterns across the country.

Temperatures are expected to drop by approximately 3°C in several states over the next five days. It’s worth noting that minimum temperatures in Mumbai and its neighboring areas, such as Navi Mumbai, Thane, Vasai-Virar, Panvel, Kalyan and Dombivali, are expected to hover between 18°C ​​and 20°C.

Overall while the cool weather has made Mumbai’s mornings more pleasant deteriorating air quality remains a serious concern for residents in the coming days.

Also Read: Ghodbunder Highway Work to Be Completed by January 2026, Confirms Maharashtra Transport Minister

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In Mumbai’s Kurla the VB Nagar police have arrested a 19-year-old man for blackmailing a 16-year-old minor girl and extorting Rs 75,000 from her. The accused also threatened to leak the girl’s private video online.

How the Case Came to Light

According to the police the accused and the victim lived in the same area and knew each other for some time. In May 2025 the accused allegedly recorded an objectionable video of the girl without her consent.

He then began threatening her saying he would make the video public if she didn’t give him money.

Reports indicate that he demanded Rs 75,000 which he needed to pay installments for his scooter and mobile phone.

Under pressure and fearing humiliation the minor girl sold her mother’s gold jewelry, including a chain, a ring and earrings. She then gave the cash to the accused.

Complaint and Arrest

The incident came to light when the girl’s mother noticed the missing jewelry while cleaning the cupboard. When questioned the girl broke down and confessed everything. The mother immediately went to the VB Nagar police station where a formal complaint was registered.

The police arrested the accused on October 25 and seized his mobile phone and other digital devices to ascertain if the video had been shared or stored elsewhere.

A senior officer stated,

“We are also verifying details about the jeweler who bought the jewelry.”

Legal Action and Counseling

The young man who runs a small business in Kurla has been booked under relevant sections of the Bharatiya Nyaya Sanhita (BNS) and the Protection of Children from Sexual Offences (POCSO) Act.

Police confirmed that the minor girl is currently undergoing counseling. An officer said “She was in a state of deep shock, but she bravely spoke up. We will ensure that she receives full psychological support.”

Also Read: Unseasonal Rains to Continue Until October 28; Air Quality Improves Significantly