Thane: A case has been registered against five people for defrauding a person of Rs 67.6 lakh by luring him into share trading in Navi Mumbai, police said on Sunday.
Senior inspector Gajanan Kadam said police registered a case on Saturday under sections 406 (criminal breach of trust), 420 (cheating) and other relevant provisions of the Indian Penal Code and the Information Technology Act.
He said, the complainant has claimed that the accused contacted him between April 14 and May 30 and lured him to do share trading for good returns.
The officer said the accused allegedly collected Rs 67.6 lakh from the complainant through an online application.
He said when the man did not get any returns on his investment, he realized he had been cheated and contacted the police.
The investigation is ongoing and no arrests have been made so far, the officer said.
Senior inspector Gajanan Kadam said police registered a case on Saturday under sections 406 (criminal breach of trust), 420 (cheating) and other relevant provisions of the Indian Penal Code and the Information Technology Act.
He said, the complainant has claimed that the accused contacted him between April 14 and May 30 and lured him to do share trading for good returns.
The officer said the accused allegedly collected Rs 67.6 lakh from the complainant through an online application.
He said when the man did not get any returns on his investment, he realized he had been cheated and contacted the police.
The investigation is ongoing and no arrests have been made so far, the officer said.
