Retired Man Duped of ₹2.85 Crore in Stock Investment Scam in Thane

Thane, July 16 – A 66-year-old retired government official from Dombivli in Maharashtra’s Thane district lost a staggering ₹2.85 crore after falling prey to a share investment scam promising high returns, police said on Wednesday.

According to officials, the victim, a resident of Vishnu Nagar, was contacted over the phone by individuals claiming to represent a well-known investment and stock trading firm. Enticed by promises of lucrative gains, he transferred ₹2.85 crore to multiple bank accounts over a span of two months.

However, after seeing no returns on his investment, the man tried to follow up. The accused initially offered vague responses but eventually stopped responding altogether.

On July 14, the Vishnu Nagar police registered a case under the Information Technology Act following the senior citizen’s complaint. An investigation is currently underway.