Thane man cheated of Rs 67.65 lakh in online share trading fraud

A 53yearold man from Maharashtras Thane district was allegedly cheated of Rs 6765 lakh by cyber fraudsters who lured him to invest in online share trading police said on Saturday reported news agency PTIThe police registered a first information report FIR under relevant provisions of the Information Technology IT Act on Thursday and have identified three persons involved in the fraud only through their mobile phone numbers an official said reported PTIHe said the complainant has alleged that the accused contacted him in December 2024 and convinced him to invest in share trading by promising him high returnsThe accused provided a trading application to the man and instructed him to transfer money to different bank accounts the official saidHe said the complainant transferred Rs 6765 lakh over multiple online transactions till January 2025However when the man later sought to withdraw his profits or the original investment the fraudsters stopped responding the official addedWe have registered an FIR under the IT Act and efforts are underway to track down the accused through their mobile numbers and bank transaction details a senior police officer saidAssistant manager of bank duped of Rs 135 cr in online stock market investment scamA 45yearold assistant general manager with the Export Import Bank of India Exim Bank was duped by fraudsters of Rs 135 crore by luring her into making investment in the stock market through bogus apps police said on Friday reported news agency PTIWhile the cheating took place between December 9 2024 to February 25 2025 the woman filed a complaint with the Cyber Police Station two days ago said an officialAccording to the complainant unidentified persons added her mobile number to two WhatsApp groups where purported tips about stock market investment were sharedAfter a few days the admin of the groups called her and told her that she could make a handsome profit if she installed mobile apps QuantsAIS and Angel One and purchased shares through them reported PTIThe woman followed the advice Service executives of both the apps then called her and asked her to deposit money in certain bank accounts for investing in the stock marketShe transferred as much as Rs 135 crore The apps displayed the amount she had deposited and she could also see that her investment was growing the complainant told policeAs of February the apps showed that she had made a profit of Rs 6 croreBut when she called executives of both the apps and asked them to return the principal amount of Rs 135 crore they said they could not do so immediately and gave various reasons reported PTIAfter repeated demands they stopped responding to her calls At this point the woman realized that she had been dupedA case was registered and further probe was underway the official saidWith inputs from PTI