A case has been registered against three persons for allegedly cheating a 51-year-old man from Navi Mumbai of Rs 1.19 crore after being promised high returns on investments, police said on Thursday.
The victim, a resident of the Vashi area, was deceived by the accused with fake capital gains statements and tax documents and lured to invest in shares and the IPO (initial public offering) of a well-known company, cyber police station’s senior inspector Gajanan Kadam said told news agency PTI.
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He invested a huge sum as instructed by the accused since December last year.
But, the victim did not get the returns as promised and the accused gave him evasive replies when he sought a refund of the invested sum, the official said.
Based on his complaint filed on Wednesday, a case was registered against three persons under different sections of law.
In another similar incident, police registered a case against nine persons for allegedly cheating a 40-year-old woman from Navi Mumbai of Rs 1.92 crore in online share trading.
The accused lured the victim, a resident of the New Panvel area, into online trading of shares with a promise of high returns on her investments.
She transferred a collective sum of Rs 1,92,82,837 into various bank accounts since December 2023 as instructed by the accused, but was not able to withdraw any amount later.
(With PTI inputs)
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