Thane engineer loses Rs 3 crore in online trading fraud
Thane (PTI): A 46-year-old mechanical engineer in Maharashtra's Thane city has allegedly been duped of Rs 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 had contacted him and promised high returns through investments on a website.
Believing the representation to be true, the complainant invested Rs 3,15,67,954 between December 12, 2025 and February 11 this year, cyber police station sub-inspector Lahu Rathod said.
"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 realised that he had been cheated," the official said.
Based on his complaint, the police registered a case on Friday against three individuals under Bharatiya Nyaya Sanhita sections 318(4) (cheating) and 316(2) (criminal breach of trust), and sections 66(C) and 66(D) of the Information Technology Act for cheating, impersonation and online fraud, he said.
A probe was underway into the case.
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Dr. U. T. Ifthikar Fareed inaugurates ‘Global Health Connect – 2026’ at MAHSA University in Malaysia
Kuala Lumpur: Dr. U. T. Ifthikar Fareed, Chairman of the Karnataka State Allied and Healthcare Council inaugurated the ‘Global Health Connect – 2026’ international conference on Global Healthcare and Medical Sciences on Friday, April 3 at the MAHSA University, Malaysia. The inauguration ceremony was also led by Prof. Tan Sri Datuk Dr. HJ. Mohamed Haniffa Bin HJ. Abdullah, Pro-Chancellor and Executive Chairman of MAHSA University.
The event was graced by Chief Patrons, including Dr. M. R. Hulinaykar, Founder, Chairman & Managing Trustee of Sri Shridevi Charitable Trust (R.), Tumakuru; Dr. Raman M. Hulinaykar, Director & Trustee; and M. S. Patil, Director – HR & IT.
Guests of Honour at the inauguration included Dr. Lavanya Raman, Trustee; Ambika M. Hulinaykar, Trustee; Dr. Krishna M. C., Principal, SIAHS; and Dr. C. P. Chandrappa, Vice Principal, SIAHS.
The ‘Global Health Connect – 2026,’ brought together eminent leaders, academicians, and healthcare professionals from around the world.
The conference aims to serve as a dynamic platform for collaboration, fostering the exchange of innovative ideas, exploring emerging trends in healthcare and medical sciences, strengthening international partnerships, and advancing quality patient care.
