Navi Mumbai businessman duped of Rs 3.5 lakh in fake cryptocurrency deal

A 29yearold businessman from Navi Mumbai was allegedly duped of Rs 35 lakh by four persons on the pretext of selling him cryptocurrency police said on Saturday reported news agency PTIThe incident occurred on Wednesday in Turbhe MIDC where two of the accused identified as Vishal and Kabir called the complainant to collect crypto tokens from them an official said reported PTIWhen the complainant reached the location two unidentified persons dressed in police uniforms arrived in a car forcibly checked the packet containing Rs 35 lakh and snatched it away All four accused fled the spot he said reported PTIA first information report has been registered under sections 3184 cheating 204 personating a public servant and other relevant provisions of the Bharatiya Nyaya Sanhita BNS and a probe is underway the official saidExmanager of private company booked over misappropriation of Rs 638 lakhIn another case police in Maharashtras Thane district have registered a case against a former manager of a private company for allegedly misappropriating funds and assets worth Rs 638 lakh an official said on Friday reported PTIIn his complaint to the ShilDaighar police station the owner of the company that deals in oxygen cylinders said the accused worked with them from July 2021 to August 2025The complainant found major discrepancies in the companys accounts during a recent audit It emerged that the accused had been swindling money and misappropriating assets reported PTIAccording to the police accused Purnachandra Panigrahi allegedly diverted Rs 35 lakh from the sale of gas cylinders misappropriated 500 oxygen cylinders worth Rs 225 lakh and a few assets collectively misappropriating Rs 638 lakh reported PTIThe accused has been booked for cheating under the Bharatiya Nyaya Sanhita the official said adding that an investigation is in progressThane man loses Rs 396 crore in online share trading fraudMeanwhile a 48yearold man from Maharashtras Thane was duped out of nearly Rs 396 crore through an online share trading fraud officials said on Friday reported PTIThe victim who works as a senior manager in a private company lost the money between May and October they saidIn his police complaint the man said he was approached by three persons one Shankar Ramrakhiyanai an administrator of a WhatsApp group claiming to be linked to a securities company and a woman identified as Suraksha reported PTIThe accused coaxed him to invest in shares and various equity market transactions promising high returns an official saidTrusting their assurances the man transferred about Rs 396 crore into several bank accountsThe accused created an impression of legitimacy through trading links and structured schemes Once the funds were transferred they cut off communication We are verifying all digital and financial trails said an official reported PTIThe Cyber police station in Thane city registered a case on Wednesday he said adding that a probe is underwayWith inputs from PTI