Mumbai Tops In Financial Fraud Across Maharashtra; Records INR 12,404 Cr Loss

Maharashtra reported 2,19,047 cases of financial fraud in 2024, with a total sum involved of INR 38,872.14 crore. According to data given by the state Home Department, Mumbai had the most number of such incidents among all the major cities.

Mumbai recorded 51,873 financial fraud instances totalling INR 12,404.12 crore, the most of any such location.

With 35,388 fraud incidents registered, Thane district came in second. There were 20,892 instances in Thane City, 13,260 in Navi Mumbai, and 1,236 in Thane Rural. According to the report, the district suffered a total financial loss of INR 8,583.61 crore.

Pune city came next on the list with 22,059 fraud instances and INR 5,122.66 crore in losses that were reported.

The entire Pune district recorded 42,802 cases, of which 16,115 occurred in Pimpri-Chinchwad resulting in losses of worth INR 3,291.25 crore.

Besides, financial losses occurred at 4,628 Rural areas of the state resulting in losses of INR 434.35 crore there.

Meanwhile, 11,754 cases were reported in the Mira Bhayander and Vasai Virar sectors, resulting in INR 1,431.18 crore in damages.

There were 11,875 instances reported in Nagpur city and 1,620 in Nagpur rural, with INR 1,491.07 crore in total losses.

In the Nashik district, 9,169 instances were documented, with 2,788 occurring in Nashik Rural and 6,381 in Nashik City. The district suffered a total loss of INR 1,047.32 crore.

While Amravati district recorded 2,778 incidents involving INR 223.059 crore, Chhatrapati Sambhaji Nagar district reported 6,090 cases of financial fraud totalling INR 543.61 crore.

The data showed that 1,819 cases were registered in Amravati city and 4,837 cases in Chhatrapati Sambhaji Nagar city.

In 3,457 instances, victims of fraud in the Solapur district lost INR 394.54 crore.

A total of 1,531 incidents involving INR 239.19 crore, INR 175.39 crore, and INR 240.45 crore were reported in Buldhana, 1,792 in Chandrapur, and 1,624 in Latur, among other districts.

People have been asked by authorities to stay vigilant and report any suspect financial transaction activity.

Thane police last week said that they had arrested six individuals for online financial fraud and deception, including two minors. One of them reportedly deceived people online, the officials claim. Later, the money was moved to different bank accounts that the other defendants had. The investigation is going on over these reported frauds.