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Thane man loses Rs 11.69 lakh in forex trading fraud; police launch probe
Updated On: 02 December, 2025 12:48 PM IST | Thane | mid-day online correspondent
Based on their instructions, he transferred Rs 11,69,165 to multiple bank accounts between October 14 and November 22. But when he asked for his returns and his invested amount, the accused stopped responding, an official from Ulhasnagar police station said
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Police have registered a case against 16 persons for allegedly cheating a man of Rs 11.69 lakh in a forex trading racket in Maharashtra's Thane district, officials said on Tuesday, reported news agency PTI.
The accused lured the 24-year-old victim, a resident of Ulhasnagar, into forex trading by promising high returns.
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