📷 Image: Wikimedia Commons / Victorgrigas
Crime
Mumbai Cyber Police Arrest Woman in ₹4.58 Crore Demat Fraud; ₹2.86 Crore Shares Frozen
✍️ www.nationpathindia.com
🗓 06 Nov 2026, 05:18 AM
👁 22
Mumbai's cyber police have detained a woman suspected of orchestrating a ₹4.58 crore demat account fraud, with ₹2.86 crore worth of shares seized and frozen.
On Thursday, Mumbai Cyber Police arrested a woman in connection with a ₹4.58 crore demat account fraud scheme. The arrest was made after a detailed investigation that traced irregularities in the victim’s demat holdings.
The investigation revealed that the accused allegedly siphoned off funds from a demat account, leading to a loss of ₹4.58 crore. In response, authorities froze shares worth ₹2.86 crore that were linked to the fraudulent transactions.
Mumbai Police spokespersons confirmed that the seized shares will remain immobilized until the legal process concludes. They also stated that the case is being forwarded to the Economic Offences Wing for further action.
The incident underscores the growing focus on cyber‑crime and financial fraud in India’s capital, as law‑enforcement agencies intensify scrutiny of demat accounts and digital transactions.
The investigation revealed that the accused allegedly siphoned off funds from a demat account, leading to a loss of ₹4.58 crore. In response, authorities froze shares worth ₹2.86 crore that were linked to the fraudulent transactions.
Mumbai Police spokespersons confirmed that the seized shares will remain immobilized until the legal process concludes. They also stated that the case is being forwarded to the Economic Offences Wing for further action.
The incident underscores the growing focus on cyber‑crime and financial fraud in India’s capital, as law‑enforcement agencies intensify scrutiny of demat accounts and digital transactions.