Maharashtra: Navi Mumbai man duped of Rs 67.6 lakh in share trading fraud

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Five persons were booked by the police in Navi Mumbai of Maharashtra for allegedly cheating a man of Rs 67.6 lakh by luring him into share trading, police said on Sunday, reported the PTI.

The police on Saturday registered a case under section 406 (criminal breach of trust), 420 (cheating) and other relevant provisions of the Indian Penal Code and Information Technology Act, senior inspector Gajanan Kadam said, according to the PTI.

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The complainant has claimed that the accused contacted him between April 14 and May 30 and lured him to take up share trading for good returns, he said.

The accused allegedly made the complainant deposit Rs 67.6 lakh through an online application, the official said.

When the man did not get any returns on his investment, he realised he had been cheated and approached the police, he said.

Investigations are underway, and no arrests have been made so far, the official said.

In an another incident, last month, a 65-year-old man was allegedly duped by a cyber fraudster who posed as a police official on the phone and forced him to transfer Rs 1.90 lakh in a bank account threatening action for 'money laundering', reported news agency PTI.

The complainant received a call on April 25 from an unknown number. The caller claimed he was a police inspector from the cyber police station in Andheri, Mumbai. He told the complainant that he was involved in money laundering activities, a Nagpur Police official had earlier said, reported PTI.

"The complainant panicked and made an online transfer of Rs 1.90 lakh in the bank account on directions of the caller," he said. The man later realised that he had been cheated and approached police, reported PTI.

A case has been registered under the provisions of the Indian Penal Code and the Information Technology Act.

Bus driver booked for rash driving on complaint of woman passenger

Meanwhile, in an another incident in Navi Mumbai, a driver of a tour and travels bus was booked in Navi Mumbai city of Maharashtra for rash and negligent driving after a 55-year-old woman passenger suffered injuries, a police official said on Sunday, reported PTI.

As per the complainant, the driver of the bus was speeding on May 25 and he navigated a speed breaker at Ghansoli rashly, resulting in her falling off her seat and injuring her.

"She said she suffered swelling in the spine and abdomen due to the bumpy ride. We have booked the driver under IPC and Motor Vehicles Act provisions but he has not been arrested," the Rabale police station official said, the news agency reported on Sunday.

(with PTI inputs)