Kolhapur man loses Rs 7.86 crore: Cyber crooks pose as cops, ED; use fake SC, RBI, SEBI letters

A 75-year-old Kolhapur resident was defrauded of Rs 7.86 crore by cybercriminals posing as Mumbai police and ED officials. The fraudsters convinced the victim to transfer funds over a month under the guise of investigating terror funding and money laundering. The victim, a retired refinery executive, transferred his life savings after receiving fabricated documents from the supposed authorities.

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