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
K Kavitha's Bail Plea Dismissed By Delhi High Court, Setback For KCR In Telangana High Court
Navi Mumbai Man Loses Over Rs 10 Lakh To Cyber Fraud BJP Alleges Rahul Gandhi Insulted Hindus, He Responds With RSS Jab 2 Ministers, MP Lead Fight Back On Rahul Gandhi's Alleged Insult Of Hindus Day After Lonavala Horror, Man Swept By Strong Currents Of Pune Waterfall Nepalese Spiritual Leader 'Buddha Boy' For 10 Years Over Child Sex Abuse Israel Issues New Southern Gaza Evacuation Warning "Our Alliance Is Time-Tested Friendship: PM Modi Meets Shiv Sena MPs Track Latest News Live on NDTV.com and get news updates from India and around the world.