shot-button
E-paper E-paper
Home > Mumbai > Mumbai News > Article > Maharashtra Thane man loses over Rs 125 lakh in online fraud

Maharashtra: Thane man loses over Rs 12.5 lakh in online fraud

Updated on: 12 October,2021 04:45 PM IST  |  Thane
PTI |

As per the complaint, the victim, who frequented several online trading portals, was wooed by schemes that promised good returns on investment, the official said

Maharashtra: Thane man loses over Rs 12.5 lakh in online fraud

This picture has been used for representational purpose

A 23-year-old man from Maharashtra's Thane city was allegedly cheated of over Rs 12.5 lakh on online trading applications, police said on Tuesday.
The matter came to light when the victim, a resident of Davle Nagar, lodged a complaint in this regard at Vartak Nagar police station, an official said.


As per the complaint, the victim, who frequented several online trading portals, was wooed by schemes that promised good returns on investment, the official said.


The victim invested Rs 12.53 lakh using different trading applications, and realised that he had been cheated when the amount got deducted from this account, but he did not receive any acknowledgment for the investment, he said.


Also read: Mumbai Crime: Welcome kits to new account holders help bank unearth fraud

The cyber cell of the city police managed to retrieve a sum of Rs 5.24 lakh before it could be diverted, the official said, adding that the police are investigating to recover the rest of the money.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Register for FREE
to continue reading !

This is not a paywall.
However, your registration helps us understand your preferences better and enables us to provide insightful and credible journalism for all our readers.

Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK