Thane, Jun 4 (PTI) A 41-year-old man from Maharashtra’s Thane district has alleged that four persons made him transfer Rs 47.25 lakh and assaulted him after blaming him for incurring losses in the stock market, police said on Thursday.
Maruti Andale, police inspector (crime) from Kalyan, told PTI that the accused were middlemen who took money from investors and invested in shares through the complainant. They held him responsible for the losses their clients suffered between January 2024 and April 2026, the official said.
Complainant Vinaykumar Raghunath Singh alleged that the accused forcibly took him from his home at Kalyan to Mumbai’s Bandra area, where they assaulted him and forced him to mortgage his flat, an official said, citing the FIR registered at Khadakpada police station.
The accused also allegedly compelled Singh to transfer Rs 47.25 lakh from his bank accounts and those linked to his clients, police said.
It was not immediately clear why the accused routed their clients’ investments through Singh.
The accused have been booked under Bharatiya Nyaya Sanhita sections concerning kidnapping, cheating, voluntarily causing hurt and criminal intimidation, and under the IT Act, he said, adding that a probe is underway. PTI COR NR
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