A 75-year-old retired ship captain lost ₹11.16 crore in a cyber fraud promising high stock market returns. The victim, who made 22 transactions, was scammed after being asked to pay a 20% service fee. Kaif Ibrahim Mansuri, a history-sheeter, was arrested with 33 debit cards and 12 cheque books. Police discovered ₹44 lakh had been transferred from the victim’s funds. Investigations are ongoing.