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Cases Filed in Navi Mumbai USDT Investment Scam That Cost Consultant Rs 72.7 Lakh

Police opened a cybercrime probe under BNS sections into linked schemes targeting local professionals.

Overview

  • A 56-year-old loan consultant from Belapur was allegedly duped of Rs 72.7 lakh after being lured into high-return USDT (Tether) investments between May 2024 and December 2025.
  • Following a complaint, police registered a case on Sunday naming five unidentified persons and three web platforms under BNS sections 318(4), 319(2), 3(5) and provisions of the Information Technology Act.
  • An HR manager reported losing Rs 36.74 lakh after joining a WhatsApp group run by a woman claiming SEBI affiliation, downloading a link, and later being unable to withdraw purported profits.
  • Nerul police said a separate case was registered for criminal breach of trust and other offences in the HR manager’s matter, with suspects yet to be identified.
  • A Bhayander bank manager lost Rs 19.86 lakh after a caller impersonated a construction firm employee and sent a forged letterhead to induce an RTGS transfer, leading to a cheating-by-personation case.