Navi Mumbai: 58-year-old man loses Rs 1.4 cr to cyber fraud

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The Navi Mumbai police have registered a case against five persons for allegedly duping a 58-year-old man by promising him high returns.

In his complaint, the complainant stated that the accused convinced the man, who lives in Vashi, that he would get handsome returns if he invested in shares through them.

The man was duped for nearly Rs 1.4 crore.

"They then provided links and made him pay Rs 1.37 crore between July and October this year," the police official from Navi Mumbai said.

"When the man did not receive any money despite follow-ups, he approached the police," the official added.

On Wednesday, the Navi Mumbai police registered a case under the Indian Penal Code and IT Act.

"The first information report (FIR) names the accused as Aryan Bhavar, Aryan Gupta, Emma, Gloria and Group Admin of 'Stock Market Alliance VIP 991'," the official said.

The magter is now probe by cyber police.

Meanwhile, in another case, a 33-year-old woman died and a senior citizen suffered injuries after a piece of plaster fell from the ceiling of their house at a chawl (row tenements) in Maharashtra's Thane city, an official said on Thursday.

Subodh Thanekar, assistant municipal commissioner - Kalwa, said the incident took place on the intervening night of Wednesday and Thursday.

Chandrika Kunju was grievously injured when the chunk of concrete fell from the ceiling. She was taken to a hospital where she died during treatment, said civic officials.

(with inputs from PTI)