Retired bank manager defrauded of Rs2.3 crore online

A retired bank manager from Talegaon Dabhade lost Rs2.3 crore in an online insurance scam. This fraud took place from March 2024 until January 13, 2025. Police arrested three men involved in the scam. The arrests occurred on Friday in Delhi and Pune. The suspects are Bhupendar Jena, Laxman Singh, and Laxmankumar Prajapati. They tricked the victim by posing as officials from the National Payments Corporation of India. The retired manager reported the crime to the Cyber Police of Pimpri Chinchwad after she grew suspicious. She had bought an insurance policy in March 2024, paying Rs1 lakh for a promise of Rs3.8 lakh returns in February 2025. However, the fraudsters kept asking for more money. They had detailed information about her, so she was convinced to deposit cash into multiple bank accounts. The victim even took personal and gold loans to keep up with their demands. Police recovered Rs10 lakh and a note-counting machine from Prajapati's home. The investigation revealed how the scammers exploited the woman's hopes for financial returns.