Mumbai, India’s financial hub, recorded the highest number ofeconomic frauds among metropolitan cities in 2023, according to the latest data from the National Crime Records Bureau (NCRB). A total of 6,476 cases were registered in the city last year. While Mumbai continues to top the list, the figure shows a slight decline from 6,960 cases reported in 2022. In 2021, the city had recorded 5,671 economic fraud cases. The NCRB report noted that chargesheets were filed in 37.9% of these cases.

After Mumbai, Hyderabad registered the second-highest number of economic fraud cases among metro cities with 5,728 cases, while Jaipur came third with 5,304 cases. The data suggests that financial crimes are not limited to Mumbai, as other metropolitan areas are also witnessing a steady rise in such cases.

At the state level, Maharashtra ranked third in financial frauds, reporting 19,803 cases in 2023. This shows an increase from 18,729 cases in 2022 and 15,550 cases in 2021. Rajasthan topped the list with 27,675 cases, followed by Telangana with 26,321 cases. In Maharashtra, police filed chargesheets in 54.9% of financial fraud cases.

The NCRB report also highlighted a sharp rise in cybercrime across the country. Maharashtra recorded 8,103 cybercrime cases in 2023, ranking fourth among states. Karnataka led with 21,889 cases, followed by Uttar Pradesh and Telangana. Among metropolitan cities, Mumbai registered 4,131 cybercrime cases, ranking third after Bengaluru, which recorded 17,631 cases, and Hyderabad with 4,855 cases.

The report states the growing concern of financial and cyber crimes in India’s major cities and states, emphasizing the need for stronger preventive measures and stricter enforcement by authorities to curb economic fraud and cyber offenses.