Navi Mumbai: A 70-year-old former banker residing in Vashi became a victim of a fraudulent ‘Quantro AI’ trading app and lost Rs 29.70 lakh after being contacted by a five-member gang of scamsters. The cyber fraudsters posed as bank and RBI officials and claimed that he had earned huge profit on his investment by trading on the said app and, for enabling him to withdraw his profit, he was made to transfer money under the pretext of various charges. As per the complainant, the incident occurred between Sept 19 last year and March 25, 2026. In Sept last year, he received a WhatsApp call from a woman identifying herself as Tara Sehgal and claiming that she was from Quantro AI trading app company. She told him that he had earned high returns after investing by trading on the app. Thereafter, he received various calls from her aides identified as Maya, Rajesh Rathod, Suryaprakash Reddy and Rajesh Pawar. They claimed to be from a private bank and RBI and sent him fake documents mentioning his huge earnings from investment on the trading app.Thereafter, they offered him the option of withdrawing his profit amount. However, they claimed that he would have to pay the applicable charges. Hence, under the pretext of processing fee, SEBI charges, security deposit, duty charges and final disbursement charges, the complainant was made to transfer money to bank accounts provided to him by the scamsters. Hence, till March 26, 2026, the complainant gradually transferred a total of Rs 29.70 lakh. When he requested to withdraw his profit amount, the scamsters demanded that he transfer more money, when he suspected something amiss and lodged a complaint on the National Cyber Crime Portal. On Thursday, the Vashi police registered an FIR against the five accused persons, who were booked under BNS sections for cheating, criminal breach of trust and joint criminal liability along with the IT Act.
