A 35-year-old cloth trader from Maharashtra's Thane district was allegedly cheated of Rs 1.9 crore by fraudsters who lured him to take up share trading, police said on Monday.
Based on a complaint lodged by the victim, the Khadakpada police on Saturday registered a first information report under relevant provisions of the Information Technology Act, an official said.
The complainant has alleged that the accused got in touch with him and added him to a WhatsApp group to train him to take up share trading and forwarded some links for investments, he said.
He ended up investing Rs 1.9 crore between May and July this year, and when he sought returns, the accused could not be contacted, the official said.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
Mohali Building Collapse: 2 Dead, Many Feared Trapped
Navi Mumbai Builder Loses More Than Rs 13.5 Crore In Share Trading Fraud Thane Techie Duped Of Rs 91 Lakh In Share Trading Fraud Bank Employee Among 2 Arrested For Rs 48.5 Lakh Cyber Fraud In Noida: Cops Is Safe Car Enough? Volvo Crash That Killed CEO, Family Sparks Big Question "Nothing Short Of Nightmare": Woman Misses Life Event, Slams Air India Pics: Rahul Gandhi's Family Lunch At Iconic Delhi Restaurant Public Sector Hydropower Company Hiring For 118 Posts, Check Details Delhi's Air Quality Turns 'Severe' Despite GRAP-4 Restrictions PM Modi Meets Yoga Practitioner, Other Influencers In Kuwait Track Latest News Live on NDTV.com and get news updates from India and around the world.