Thane man duped of Rs 1.4 cr in gold trading fraud; two booked

The police on Monday said that a 62yearold man from Maharashtras Thane city was allegedly duped of more than Rs 14 crore by two persons who lured him to invest in a gold trading scheme reported news agency PTIBased on a complaint a case has been registered under section 3184 cheating of the Bharatiya Nyaya Sanhita BNS and relevant provisions of the Information Technology Act said an official from the Wagle Estate divisionHe said the alleged fraud took place between April 11 and May 19The complainant a consultant has alleged that the accused convinced him to invest in a gold mining and trading scheme promising a fixed monthly income from mining and 15 per cent returns from gold trade the official said reported PTIHe said the complainant transferred more than Rs 14 crore into various bank accounts as directed by the duo but did not receive any returnsWhen the complainant contacted the duo for updates on his investment the accused avoided his calls and provided no clear response the official saidWe are probing the financial trail and attempting to trace the accused through digital and bank transaction records the official added reported PTIFour booked for duping woman of Rs 4 lakh in Thane districtIn another case a case has been registered against four persons in Maharashtras Thane district for allegedly duping a woman of Rs 4 lakh after promising to double her investment in a fortnight police said on Monday reported PTIBased on a complaint the Ambernath police have registered a first information report FIR under sections 3184 cheating and 3162 criminal breach of trust of the Bharatiya Nyaya Sanhita BNS an official saidHe said the complainant has alleged that the accused Ganesh Kadu Rahul Shahu Mohit Jha and Vishal Ashra approached her in September 2024 claiming that they were expecting to receive a large sum of money through hawala but needed Rs 10 lakh upfront to process the deal reported PTIThe official said the accused assured the woman that if she gave them Rs 4 lakh they would return double the amount in 15 daysThe woman handed over the money to the accused but they failed to return it and gave evasive responses when she followed up he said reported PTIThe official said no arrests have been made and a probe has been initiatedWith inputs from PTIatOptionskeyd0ddb8ef8f1a62a8cdd22fac27fc5ea7formatiframeheight90width728params