Navi Mumbai man duped of Rs 74.6 lakh in share trading fraud

A 59yearold man from Navi Mumbai has allegedly been cheated of Rs 7467 lakh after being lured into investing in share trading with a promise of high returns police said on Thursday reported news agency PTIThe accused had contacted the victim a resident of Panvel and persuaded him to invest in share trading Initially small profits were credited to his account to gain his confidenceSubsequently the accused persuaded him to invest larger amounts by displaying inflated returns on a fake trading interface and directing him to transfer money to fraudulent bank accounts reported PTIThe victim deposited the money into the accounts between November 28 2025 and January 1 this year an official from the cyber police station saidHowever the victim neither received any profit nor was he able to recover his invested amount he said reported PTIBased on his complaint the cyber police on Tuesday registered a case against five persons under relevant provisions of the Information Technology Act and the Bharatiya Nyaya Sanhita for cheating and online fraud the official saidSenior citizen placed under digital arrest for Delhi blast probe forced to pay Rs 1650 lakhIn another case a 75yearold retired BMC official was allegedly duped of Rs 1650 lakh by cyber fraudsters who posed as ATS and NIA officials and placed him under a digital arrest for interrogation claiming his name surfaced in the Delhi Bomb blast case police said on Wednesday reported PTIThe incident came to light on Monday after the victim a resident of Andheri East approached the West Region Cyber Police Station an official said reported PTIAccording to the police the victim received a call on December 11 from unidentified persons claiming to be officers from the Delhi AntiTerrorism Department The caller threatened him saying his name had surfaced in a Delhi bomb blast case and that he needed to be interrogated secretly reported PTIThe caller then asked the victim to download the Signal application where he received a video call During the call one of the fraudsters posed as NIA officer Sadanand DateThe caller told the victim that a bank account linked to his mobile number had allegedly received Rs 7 crore through money laundering activities and warned that he would be arrested in the case police said reported PTICiting the seriousness of the matter and its alleged connection to national security the caller instructed the victim not to discuss the issue with anyoneClaiming that the agency needed to verify whether his investments and deposits were from legal sources the fraudsters asked the victim to transfer his money to certain bank accounts for verification reported PTIAccordingly the victim deposited Rs 1650 lakh following which the caller blocked his numberThe victim then approached the cyber police and lodged a complaint based on which a case has been registered against unidentified persons the official saidWith inputs from PTI