Mumbai Police arrest woman for hacking Demat account, selling shares

Mumbai Police arrested a woman for allegedly hacking another woman’s Demat account. The accused sold shares worth ₹4.58 crore and used some of the money to purchase penny stocks, which resulted in a loss of ₹2.86 crore for the victim. The incident occurred on August 10, 2026, and the police suspect the accused gained access to the victim’s email and mobile phone via a link to retrieve one-time passwords.

The case highlights risks associated with digital financial security and unauthorized transactions in the stock market. The investigation revealed that the accused allegedly used the victim’s personal information to execute the fraudulent trades.