This Article is From Oct 02, 2023

Promised Good Returns In Bitcoin Trading, Thane Man Cheated Of Rs 77 Lakh: Cops

The Kalwa police on Sunday registered a case against the unidentified accused under Indian Penal Code section 420 (cheating), an official from Kalwa police station said.

Promised Good Returns In Bitcoin Trading, Thane Man Cheated Of Rs 77 Lakh: Cops

The man then filed a police complaint against the unidentified fraudster. (Representational)

Thane:

A 36-year-old man from Maharashtra's Thane district has been cheated of more than Rs 77 lakh by a person after being assured of good returns by getting into bitcoin trading, police said on Monday.

The Kalwa police on Sunday registered a case against the unidentified accused under Indian Penal Code section 420 (cheating), an official from Kalwa police station said.

The accused lured the victim between April 2 and 8 this year, asking him to indulge in bitcoin trading for good returns, the official said quoting the victim's complaint.

The victim invested a total sum of Rs 77,91,090 from time-to-time, but did not got any return and also lost the invested amount, he said.

The man then filed a police complaint against the unidentified fraudster, the official added.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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