Mumbai Police Arrest Tech Dropout Behind ₹150 Crore Cyber Fraud Scheme

Mumbai Police's Crime Branch Property Cell has arrested a 36-year-old B.Tech dropout in connection with an extensive cyber fraud operation. The suspect was taken into custody for developing APK files used to perpetrate financial crimes across the country.

According to police officials, the accused created approximately 2,805 malicious APK files that were distributed to conduct fraudulent transactions. These applications were designed to deceive users into transferring funds or disclosing sensitive financial information.

The investigation revealed that the APK files facilitated fraud totaling over ₹150 crore across multiple states. The scale of the operation indicates a sophisticated network of illegal activity, with victims spanning various regions of the country.

Police have launched a broader investigation to identify other individuals potentially involved in the operation and to trace the flow of illegally obtained funds. Authorities are also working to identify all victims of the fraud scheme and recover stolen amounts where possible.

The case highlights the growing threat posed by mobile-based cyber fraud in India, where malicious applications are increasingly used to circumvent security measures and access financial systems.