India News | 4 Booked for Cheating Navi Mumbai Man of Rs 17 Lakh in Share Trading Fraud
Get latest articles and stories on India at LatestLY. The cyber police have registered a case against four persons for allegedly cheating a 45-year-old man from Navi Mumbai township in Maharashtra of more than Rs 17 lakh after luring him to invest in share trading, an official said on Sunday.
Thane, Feb 11 (PTI) The cyber police have registered a case against four persons for allegedly cheating a 45-year-old man from Navi Mumbai township in Maharashtra of more than Rs 17 lakh after luring him to invest in share trading, an official said on Sunday.
The victim, resident of Nerul area, was promised high returns in the trading.
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The accused allegedly made the victim invest Rs 17.30 lakh in a fraudulent share trading scheme from December 5, 2023 to January 28, 2024, the official from cyber police station said.
When the victim did not get the returns as promised and the invested amount, he filed a police complaint.
The police on Saturday registered a case against four persons under Indian Penal Code Sections 419 (cheating by personation), 420 (cheating) and 34 (common intention), the official said, adding a probe was on into the case.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)