India, June 19 -- As many as seven cases of cyber fraud, investment scams, criminal breach of trust and travel-related cheating involving an amount of over Rs.3.72 crore were reported across the city on June 17.

A major financial loss was reported by a 53-year-old Katraj resident, Hemant Jayant Jadhav, who was allegedly duped of Rs.63.84 lakh through a fraudulent stock trading application. According to the cyber police, Jadhav received a link on his mobile phone that prompted him to download an application named "DMA-IIFL". The fraudsters allegedly convinced him to invest by promising high returns through stock trading. Trusting the claims, he transferred money to multiple bank accounts provided by the accused. The scam came to light whe...