Representational Image. (Photo by Bermix Studio on Unsplash)
Thane: A 48-year-old senior manager from Thane has reportedly lost Rs 3.96 crore in a sophisticated online share trading fraud, police officials said on Friday.
According to the complaint, the victim was deceived between May and October after being approached by three individuals, including a man identified as Shankar Ramrakhiyanai, the administrator of a WhatsApp group falsely claiming affiliation with a reputed securities firm and a woman named Suraksha.
The accused allegedly lured the victim with promises of high returns on equity trades and investment schemes. Convinced by their claims and the professional-looking trading links they shared, the man transferred nearly Rs 3.96 crore into multiple bank accounts.
“The fraudsters created an impression of legitimacy through well-structured schemes and trading portals. After the money was deposited, they abruptly stopped responding. We are currently tracking all digital and financial footprints,” a police official said.
The Cyber Police Station in Thane registered a case on Wednesday. An investigation is underway to identify the culprits and trace the diverted funds.
The incident adds to a rising number of online trading scams in Maharashtra, prompting authorities to urge investors to verify platforms and avoid engaging with unverified groups on social messaging apps.
(with inputs from agencies)
The new season of the Indian Premier League will begin with a blockbuster clash as…
Entry of non-Hindus to the revered Himalayan shrines of Badrinath Temple and Kedarnath Temple will…
Thiruvananthapuram: Monalisa Bhonsle, the young woman who became an internet sensation during the Prayagraj Kumbh…
Cuttack: Sundargarh held their nerve in a tense finish to defeat Cuttack-A by two wickets…
Pune: Odisha pulled off a thrilling one-wicket victory over Bengal in the Women's U23 One-Day…
Protests and mourning were reported from several parts of India on Sunday after news broke…