Chief Minister Devendra Fadnavis recently made a stunning revelation in the Maharashtra Legislative Council. Over 1.07 crore investors in the state have been cheated of a staggering Rs 3.18 lakh crore through fraudulent digital investment schemes. Of this, Rs 2.9 lakh crore was lost by 2.7 lakh Mumbaikars alone. This figure is not just alarming, it’s catastrophic.

India has emerged as a global leader in digital monetary transactions. From bustling metros like Mumbai and Delhi to small towns and remote villages, even vegetable vendors now routinely accept payments via PayTM, Google Pay, and other mobile apps.

Thanks to smartphones and UPI, almost all financial activities, from bill payments to money transfers,........

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