Thane, February 22 A 46-year-old mechanical engineer in Thane city, Maharashtra, has allegedly been cheated of ₹3.15 crore after being lured to invest in a fraudulent online trading platform, police said on Sunday.
The complainant, a resident of the Kasarvadavali area, alleged that a person contacted him and promised high returns through investments on a website.
Believing the representation to be true, the complainant invested ₹3,15,67,954 between December 12, 2023 and February 11 this year, according to sub-inspector Lahu Rathod of the cyber police station.
"The complainant stated that he was initially shown a profit of USD 5 lakh on the platform, which built his confidence. However, when he attempted to withdraw or secure his invested amount, his account was blocked and he realized that he had been cheated," the official said.
Based on his complaint, the police registered a case on Friday against three individuals under sections 318(4) (cheating) and 316(2) (criminal breach of trust) of the Bharatiya Nyaya Sanhita, as well as sections 66(C) and 66(D) of the Information Technology Act, for cheating, impersonation, and online fraud, he said.
An investigation into the case is underway.