Mumbai Man Arrested in ₹5.39 Crore Cyber Scam Involving Fake Investment Platform

The South Cyber Police in Mumbai have arrested 29-year-old Mohammad Kalim Akbar Ali Khan for his role in a ₹5.39 crore cyber fraud linked to a bogus stock trading platform named Golden Bridge Investment Group.

Investigators revealed that Khan’s bank account was implicated in 51 cyber fraud cases across India, serving as a key conduit in laundering illicit money. His account appeared in both primary (Layer 1) and secondary (Layer 2) levels of fraudulent financial flows, indicating repeated use for moving scam proceeds. It is also under scrutiny in ongoing probes by the North and East Cyber Police divisions.

Further inquiry uncovered that ₹5 lakh of the scammed funds were funneled through Maxmore Payment Digitech Pvt Ltd, a company owned by Khan. Police officer Nandkumar Gopale confirmed Khan’s involvement in processing and transferring illicit funds.

The complaint originated from a retired businessman from Malabar Hill, who met a woman named Akriti Desai on a dating app. Claiming to be a Noida-based entrepreneur, she persuaded him to invest through a fraudulent trading app—Golden Bridge Investment.

Between July 2024 and February 2025, the victim deposited nearly ₹5.4 crore. Though he initially received a ₹20 lakh payout, he was later asked to pay 30% tax on fictitious profits of ₹80 crore when he attempted to withdraw the full amount. Realizing it was a con, he reported it to the police.

He handed over key evidence including WhatsApp conversations, transaction details, screenshots, and a photo of a woman named Pari Patel, suspected to be connected to the scam, according to DCP Datta Nalawade.