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Thane senior citizens cheated of Rs 17.5 lakh in fake share deal
Updated On: 13 January, 2026 12:40 PM IST | Mumbai | mid-day online correspondent
According to the complaint, the couple was introduced to Karle in December 2024, and the latter claimed to possess 5,000 unlisted shares of NSDL and 3,000 of NSC (National Stock Exchange), luring them to purchase the shares, claiming they would soon be listed
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An elderly couple from Maharashtra's Thane district was allegedly cheated of Rs 17.5 lakh by a man who promised them high returns on shares, police said on Tuesday, reported news agency PTI.
The police on Monday registered a first information report (FIR) against the accused, Amit Yuvraj Karle, a resident of Panvel in Navi Mumbai, under sections 318(4) (cheating) and 316(2) (criminal Breach of Trust) of the Bharatiya Nyaya Sanhita (BNS), an official said.
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