Thane, Nov 2 (PTI) The Navi Mumbai police in Maharashtra have registered a case against five people for allegedly duping a 58-year-old man of nearly Rs 1.4 crore by promising him high returns, an official said on Thursday.
Citing the complainant, the official said the accused convinced the man, who lives in Vashi, that he would get handsome returns if he invested in shares through them.
They then provided links and made him pay Rs 1.37 crore between July and October this year, the official said. When the man did not receive any money despite follow-ups, he approached the police.
The Navi Mumbai police on Wednesday registered a case under the Indian Penal Code and IT Act.
The first information report (FIR) names the accused as Aryan Bhavar, Aryan Gupta, Emma, Gloria and Group Admin of ‘Stock Market Alliance VIP 991’, the official said, adding that the cyber police are probing the matter. PTI COR NR
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.