Multi-State Scam: Businessman Duped in High-Stakes Con

A businessman from Mumbai was allegedly duped of Rs 3.25 crore by a nine-member inter-state gang promising high investment returns. Despite threats and assault, he reported the crime, leading to an FIR and further investigations by the Mumbai Crime Branch.

A Mumbai businessman has fallen victim to a sophisticated scam, losing Rs 3.25 crore to a nine-member inter-state gang. The offenders, including two women, hail from Mumbai, Odisha, Bihar, and Jharkhand, according to the Vile Parle police.

In July 2025, the businessman was introduced to four of the accused, posing as brokers, who lured him into investing in a fictitious company called Arkship Group. After transferring an initial Rs 1 crore online, he discovered his money redirected to an NGO, triggering a confrontation with the gang at a Western Express Highway hotel.

Facing physical assault and threats at gunpoint, the businessman was coerced into transferring an additional Rs 2.25 crore. Initially intimidated, he later reported the crime to authorities, who have now registered an FIR and are investigating the case, believed to be part of a larger criminal network.