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Retired director of MNC from Mumbai loses Rs 25 cr to cyber fraudsters

According to police, the retired director of MNC from Mumbai sold her and her mother's shares and mutual fund investments and even took out a gold loan to pay money to the scammers

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A retired director of a multinational company (MNC) residing in Mumbai lost nearly Rs 25 crore to cyber fraudsters, who posed as police and CBI officers and intimidated her saying she was being probed in a money laundering case, officials said on Thursday, reported news agency PTI.

Police say this is one of the biggest cyber fraud cases targeting an individual in the city in recent times.

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