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regular-article-logo Tuesday, 05 November 2024

Maharashtra: Lured by good returns on bitcoin trading, Thane man loses over Rs 77 lakh

'The victim invested a total sum of Rs 77,91,090 from time-to-time, but did not got any return and also lost the invested amount,' an official from Kalwa police station said

PTI Thane Published 02.10.23, 10:28 AM
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A 36-year-old man from Maharashtra's Thane district has been cheated of more than Rs 77 lakh by a person after being assured of good returns by getting into bitcoin trading, police said on Monday.

The Kalwa police on Sunday registered a case against the unidentified accused under Indian Penal Code section 420 (cheating), an official from Kalwa police station said.

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The accused lured the victim between April 2 and 8 this year, asking him to indulge in bitcoin trading for good returns, the official said quoting the victim's complaint.

The victim invested a total sum of Rs 77,91,090 from time-to-time, but did not got any return and also lost the invested amount, he said.

The man then filed a police complaint against the unidentified fraudster, the official added.

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

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