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76-Year-Old Navi Mumbai Resident Duped of ₹1 Crore in AI-Based Forex Trading Scam

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A 76-year-old man from Vashi has been cheated of more than Rs 1 crore in a forex trading scam that falsely promised high returns through “AI-based software.”

According to police, the senior citizen came across an online advertisement promoting an artificial intelligence system allegedly developed by prominent Indian businessmen. The ad claimed the software could generate extraordinary profits through forex trading. Intrigued, the victim clicked on the link and was contacted by fraudsters posing as senior finance advisers.

The conmen convinced him to open a forex trading account on their platform, assuring him of guaranteed returns. Believing their claims, he transferred funds in multiple instalments. Between June 26 and the following weeks, he made more than 60 transactions amounting to over Rs 1 crore into various bank accounts provided by the accused.

However, when he attempted to withdraw his supposed profits, the requests were denied. The victim soon realized he had been duped and filed a complaint on the national cybercrime portal on September 11.

Police have registered a case and launched an investigation to trace the fraudsters and the bank accounts involved. Officials have once again urged citizens, especially senior citizens, to remain cautious of online schemes promising unrealistic returns and to verify platforms before investing.

The incident highlights the growing menace of cyber frauds exploiting new technologies such as artificial intelligence to lure unsuspecting investors.

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Legacy of Learning: Education Pioneer Padma Shri Dr. D. Y. Patil Passes Away at 90

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From establishing premier universities to serving as Governor, the visionary founder leaves behind an indelible mark on Indian education.

The Demise

Dr. Dnyandeo Yashwantrao (D. Y.) Patil, a pioneering force in India’s higher education landscape and former Governor, passed away in Kolhapur at the age of 90.

Affectionately honored as “Shikshanmaharshi” (Grand Teacher), Dr. Patil transformed access to professional education over a career spanning several decades. Through the D Y Patil Group, he established over 150 institutions including top medical colleges, engineering institutes, and deemed universities across Navi Mumbai, Pune, Kolhapur, and Mumbai.

His immense contributions to education and healthcare earned him the prestigious Padma Shri in 1991. Beyond academia, Dr. Patil was an influential figure in public administration, serving as a Maharashtra MLA and later as Governor of Tripura, Bihar, and West Bengal. His vision also brought world-class sports infrastructure to Navi Mumbai with the iconic D Y Patil Stadium.

Tributes have poured in from political leaders, academics, and citizens nationwide, honoring a leader whose legacy endures through the millions of students educated across his institutions.

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Commuters Left Stranded as NMMT Bus Breakdowns Surge During Peak Hours

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Frequent mechanical failures and poor fleet maintenance trigger severe delays across Navi Mumbai, leaving daily passengers frustrated.

Breakdown

Daily travel has turned into a chaotic trial for thousands of residents as a wave of municipal bus breakdowns continues to disrupt peak-hour commutes across the region.

Passengers relying on the Navi Mumbai Municipal Transport (NMMT) network which ferries over 2.5 lakh commuters daily across Navi Mumbai, Thane, Mumbai, and Kalyan-Dombivli face persistent delays, missed connections, and dangerously overcrowded buses.

The frequency of breakdowns has sparked sharp concerns regarding passenger safety. Civic activists and groups like the Airoli Citizens’ Forum have formally escalated the crisis to senior NMMC officials, citing unaddressed maintenance lapses like faulty braking systems, worn tires, and sudden engine failures mid-route. Transit officials attributed the breakdown surge to technical snags worsened by rain and severe negligence by the private maintenance contractor.

In response to public outcry, authorities have blacklisted the failing contractor and handed maintenance back to original vehicle manufacturers, promising fleet reliability will improve in the coming days.

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Citizens Lose ₹68 Crore Across 178 Reported Cases

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Spike in investment schemes and fake “digital arrests” leaves residents reeling as police push for faster reporting.

Cyber Crime Surge

A sharp surge in digital scams has siphoned off a staggering Rs 68 crore across 178 reported cases, highlighting the aggressive tactics used by cybercriminals.

Fraudsters are relying on high-yield online investment traps, fake job promises, and high-pressure “digital arrest” schemes where impostors pose as law enforcement officers over video calls to extort money. Senior citizens have been hit especially hard, often losing life savings in minutes.

A primary challenge for police is the speed at which funds are funneled through networks of secondary accounts and converted into cryptocurrency, leaving law enforcement able to recover only a fraction of the stolen money. Police urge the public to remember that no government agency conducts online arrests or demands money over video calls.

If targeted, report the crime immediately to the national helpline 1930 or at cybercrime.gov.in. Calling within the “golden hour” remains the single best chance to freeze funds before they disappear.

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