A case has been registered against five persons in Navi Mumbai for allegedly cheating a man of Rs 67.6 lakh by luring him into share trading, police said on Sunday.
The police on Saturday registered a case under section 406 (criminal breach of trust), 420 (cheating) and other relevant provisions of the Indian Penal Code and Information Technology Act, senior inspector Gajanan Kadam said.
The complainant has claimed that the accused contacted him between April 14 and May 30 and lured him to take up share trading for good returns, he said.
The accused allegedly made the complainant deposit Rs 67.6 lakh through an online application, the official said.
When the man did not get any returns on his investment, he realised he had been cheated and approached the police, he said.
Investigations are underway, and no arrests have been made so far, 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
PM Modi Gets Kuwait's Highest Honour 'The Order Of Mubarak Al Kabeer'
Thane Techie Duped Of Rs 91 Lakh In Share Trading Fraud Navi Mumbai Man Loses Over Rs 10 Lakh To Cyber Fraud Is Safe Car Enough? Volvo Crash That Killed CEO, Family Sparks Big Question "Nothing Short Of Nightmare": Woman Misses Life Event, Slams Air India Snack Food Epigamia Founder Rohan Mirchandani Dies Of Cardiac Arrest At 41 AAP vs BJP As Delhi Tableau Rejected For Republic Day Parade Yet Again At Least Nine Killed As Small Plane Crashes into Brazilian Tourist City 15-Year-Old Boy Dies By Suicide After Mother Refuses To Buy Him New Phone Track Latest News Live on NDTV.com and get news updates from India and around the world.