Navi Mumbai man duped of Rs 74.6 lakh in share trading fraud
Thane (PTI): A 59-year-old man from Navi Mumbai has allegedly been cheated of Rs 74.67 lakh after being lured into investing in share trading with a promise of high returns, police said on Thursday.
The accused had contacted the victim, a resident of Panvel, and persuaded him to invest in share trading. Initially, small profits were credited to his account to gain his confidence.
Subsequently, the accused persuaded him to invest larger amounts by displaying inflated returns on a fake trading interface and directing him to transfer money to fraudulent bank accounts.
The victim deposited the money into the accounts between November 28, 2025, and January 1 this year, an official from the cyber police station said.
However, the victim neither received any profit nor was he able to recover his invested amount, he said.
Based on his complaint, the cyber police on Tuesday registered a case against five persons under relevant provisions of the Information Technology Act and the Bharatiya Nyaya Sanhita for cheating and online fraud, the official said.
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Man arrested with Rs 2.54-crore heroin in Mumbai
Mumbai (PTI): Police have arrested a man and seized over 500 grams of heroin worth Rs 2.54 crore in the illicit market from him in Mumbai, officials said on Friday.
The police's Anti-Narcotics Cell (ANC) made the drug seizure in Santacruz in the western suburbs. The operation was conducted by the Kandivali unit of the ANC on Thursday as part of a special crackdown against drug trafficking in the area, they said.
Acting on specific inputs, an ANC team conducted a raid in Santacruz (East) and intercepted a man. During a search, the team recovered 508 grams of high-grade heroin from his possession, an official said.
The seized contraband, a highly addictive, opioid drug derived from morphine, is estimated to be worth Rs 2.54 crore in the international market, he informed.
Following the seizure, a case was registered against the man under relevant sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, and he was formally placed under arrest in the early hours of Friday.
The police are currently investigating the source of the drug and trying to identify the intended recipients of the consignment, he said.
