Latest News | Case Against 6 for Cheating Man of Rs 87 Lakh in Cryptocurrency Fraud

Thane, Sep 22 (PTI) The Navi Mumbai police have registered a case against six persons for allegedly duping a man of Rs 87 lakh after promising him high returns in cryptocurrency trade, an official said on Sunday.

Since May last year, the accused lured the 48-year-old victim to join a WhatsApp group for the purchase of USDT (cryptocurrency) and made him pay Rs 87,48,141 on different IDs for it, cyber police station's senior police inspector Gajanan Kadam said.

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After he made the payments, the accused did not respond to his call. Realising that he had been cheated, the man approached the cyber police with a complaint, he said.

Based on the complaint, an FIR was registered on Friday against the accused under sections 319(2)(cheating by personation), 318(4)(cheating) and 3(5) (criminal act done by several persons in furtherance of common intention) of the Bharatiya Nyaya Sanhita and provisions of the Information Technology Act, the police said.

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(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)