Exclusive: Rags to riches to rags - Mumbai man lost Rs 12 crore to online money gaming
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Summary
A Mumbai businessman lost Rs 12.22 crore to the Parimatch online betting platform over three years. Initially lured by ads featuring a popular actress on Facebook, he was promised huge returns but end...
Key Details
Published
22 August 2025 at 04:00 pm
Source
India Today
Channel
Victim Profile
business owner
State
Maharashtra
City
Mumbai
Amount Loss Range
> ₹10000000
Fraud Keywords
online betting scamparimatch appfacebook advertisinginitial small winsfake withdrawal processmule accountssurrogate promotioncelebrity endorsementfacebook ad scamalgorithm manipulation
Tags
Digital Footprint
Parimatch appFacebook ad featuring popular actressRs 12.22 crore lossRs 27 crore total depositsRs 15 crore recovered amountMumbai Police cyber cellEnforcement Directorate investigation1,200 credit cards linked to fraudulent accountsIBlock Technologies (Noida-based crypto trading platform)Dinesh Karthik (brand ambassador)Ukrainian national operating from CyprusCompany registered in Curacao