Kondhwa Bizman Loses ₹7cr

A 53-year-old Kondhwa-based businessman lost ₹7.07 crore to a fraudster he met on a dating app, after investing in forex and crypto trading [2]. The businessman, who runs an automobile parts manufacturing unit, was looking for a prospective bride on the app when he came across a profile that convinced him to invest in currency trading.

What drove the move

The businessman started chatting with the stranger on the dating app and was convinced to open an account on a platform used for currency trading [2]. He initially made a profit of ₹5 crore, but was then persuaded to invest more money to earn higher profits. The fraudster/s asked him to transfer money into seven bank accounts, where he eventually transferred a total of ₹7.07 crore between October 2025 and April [2]. The investment amount shown on the app appeared to be increasing, but whenever the victim tried to withdraw the money, he was asked to deposit more funds for various reasons, including taxes and documentation fees [2].

The competitive picture

The case highlights the risks of investing in forex and crypto trading, particularly when dealing with strangers on dating apps. The Pune cyber police are investigating the matter, but it is unclear if one or multiple fraudsters were involved in the crime [2]. The incident also raises questions about the security measures in place on dating apps to prevent such scams.

The incident is not an isolated one, as many people have fallen prey to similar scams on dating apps. According to a report, many women have also been victims of such scams, where they are convinced to invest in forex and crypto trading by strangers they meet on dating apps [1]. The report highlights the need for people to be cautious when dealing with strangers on dating apps and to be aware of the risks of investing in forex and crypto trading.

What to watch

• The outcome of the Pune cyber police investigation into the matter
• The measures taken by dating apps to prevent such scams in the future
• The awareness campaigns launched by regulatory bodies to educate people about the risks of investing in forex and crypto trading

The incident highlights the need for people to be cautious when dealing with strangers on dating apps and to be aware of the risks of investing in forex and crypto trading. The real significance of this incident lies in the fact that it raises questions about the security measures in place on dating apps to prevent such scams, and the need for regulatory bodies to take action to protect investors.