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Senior citizen loses Rs 6.44 crore to share trading fraud in Thane

The accused contacted the complainant through a WhatsApp group of a company that promised high profits

AI
Share Trading Fraud Photo: AI
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Summary

Summary of this article

  • Senior citizen duped of Rs 6.44 crore in trading scam.

  • Fraudsters lured victim through WhatsApp share-trading investment group.

  • False high-returns scheme operated between September 24 and November 6.

  • Police registered cheating case; investigation into online trading fraud continues.

A 70-year-old man from Maharashtra's Thane city was allegedly duped of Rs 6.44 crore by two persons who lured him to invest in an online share trading scheme, police said on Thursday.

According to the police, the accused, identified as Advika Sharma and Rakesh Jain, contacted the complainant through a WhatsApp group of a company that promised high profits and returns on investment in shares.

The fraud took place between September 24 and November 6.

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