A 48-year-old man from Maharashtra's Thane district lost nearly Rs 94 lakh after falling prey to a share trading scam, an official said on Wednesday.
The man from the Kalyan area was cheated between April 9 and May 21.
In his complaint, the man said he came across a WhatsApp group named ‘The Value Team A 13' where many members posed as “experts and dished out tips” on making money through the share market.
Police said the “experts” induced the complaint to invest using links and applications provided by them.
The man invested Rs 93.6 lakh in all but did not get any money in return. Realising he had been tricked, the man filed a police complaint.
“We have started an investigation into the matter,” said the station house officer at Khadakpada police station. “Our teams are working to gather evidence and track down the accused,” he added.
(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
Canada Rolls Back Extra Screening For Fliers To India Days After Announcing It
3 Arrested Over Rape Of Minor Girl In Maharashtra, 4th Accused Missing Thane Man Arrested For Killing Wife: Cops Siblings Duped Of Rs 1 Crore In Crypto Scheme By 19 Members Of A Family "Thousand Times Better...": Delhi Lt Governor's Surprise For AAP's Atishi "World War 3 Has Begun": Ukraine Ex-Military Commander Amid Russia Conflict "Violation Of Sovereignty, Abuse Of Power": Kanwal Sibal On US Report On Adani Group Kerala High Court Criticises LDF, UDF For "Irresponsible" Hartals In Wayanad N Sitharaman Urges India To Defy Western Diktats To Build "Brand Bharat" Britain's Queen Camilla To Miss Annual Event Due To Symptoms Of Illness Track Latest News Live on NDTV.com and get news updates from India and around the world.