The cyber police of the western region of the Mumbai police have dismantled a sophisticated cyber fraud operation that used WhatsApp impersonation to deceive a senior finance executive into transferring Rs 1.93 crore from a company’s bank account.

Police have arrested six people, and investigations have revealed links to cryptocurrency laundering and foreign cyber operatives.

“The victim in this case is the chief finance officer (CFO) of a private company based in Andheri. Between April 12 and 15, he received messages via WhatsApp from a mobile number displaying the company director’s photo, which established authenticity,” police said.