Authorities in Thane have launched legal action against three individuals and two organisations for allegedly defrauding a Navi Mumbai resident of roughly Rs 45 lakh through deceptive methods in online share trading, according to a report on Saturday.

According to a report in PTI, the suspects, known as Aarav, Kunal, and Bimla, as well as a customer service representative from a securities firm and a website, are accused of coordinating the plan, a police official said.