Mumbai Lawyer Loses Rs 9.73 Lakh in Cyber Fraud

A 26-year-old corporate lawyer, Advocate Priyam Dilip Goyal, was duped of Rs 9.73 lakh by cyber fraudsters who posed as stock market experts and operated through fake trading apps and WhatsApp groups. The victim was lured with promises of high returns and was asked to download an app called IMPV MIN to make the investments. The fraudsters used WhatsApp group "T (VIP1) Internal Trading Hub" to gain trust in Goyal, who had initially been making modest profits using the Zerodha trading platform. The fraudsters eventually convinced Goyal to download a third-party application named IMPV MIN, which showed a profit of Rs 20 lakh, and then asked him to invest more to access exclusive shares.

Key Takeaways:

• Advocate Priyam Dilip Goyal, a 26-year-old corporate lawyer from Indore, lost Rs 9.73 lakh to cyber fraudsters who posed as stock market experts.
• The fraudsters operated through fake trading apps and WhatsApp groups, including "T (VIP1) Internal Trading Hub" administered by Shailaja Paik.
• Goyal was initially making modest profits using the Zerodha trading platform, which built his confidence in online stock investments.
• The fraudsters used the fake app IMPV MIN to show a profit of Rs 20 lakh and convinced Goyal to invest more to access exclusive shares.
• Goyal was declared a "defaulter" and asked to pay a penalty of Rs 5.5 lakh, and no money was refunded.
• The Dadar Police have registered a case against unidentified individuals under relevant sections of the Bharatiya Nyaya Sanhita (BNS) and the Information Technology (IT) Act.

Statistics:

• Rs 9.73 lakh lost by Advocate Priyam Dilip Goyal to cyber fraudsters.
• Rs 20 lakh shown as profit by the fake app IMPV MIN.
• Rs 5.5 lakh penalty asked from Goyal by the fraudsters.
• Case registered by Dadar Police against unidentified individuals under relevant sections of BNS and IT Act.

Sources:

• "Mumbai Lawyer Loses Rs 9.73 Lakh in Cyber Fraud"
• Indian National Press (Bombay) Pvt. Ltd. (2025)