Accused lured victim into share trading by promising high returns: Police (Representational)
Thane:
Police have registered a case against nine people for defrauding a 40-year-old woman from Maharashtra’s Navi Mumbai city of Rs 1.92 crore in online share trading, an official said on Wednesday.
The accused lured the victim, a resident of New Panvel area, into online trading of shares by promising her high returns on her investments.
Cyber police station senior inspector Gajanan Kadam said that she transferred a collective amount of Rs 1,92,82,837 to various bank accounts as per the instructions of the accused since December 2023, but was not able to withdraw any amount later.
When he did not get any satisfactory answer from the accused on this, he lodged a complaint with the police.
Police on Tuesday registered a case against nine people under sections 420 (cheating), 406 (criminal breach of trust) and 34 (common intention) of the Indian Penal Code and provisions of the Information Technology Act, the official said.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
