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Thane man duped of ₹1.4 crore in gold trading and mining scheme; two accused booked

Posted on: May 26, 2025 11:10 IST | Posted by: Hindustantimes
Thane man duped of  ₹1.4 crore in gold trading and mining scheme; two accused booked
A62-year-old adult male from Maharashtra's Thane metropolis was allegedly duped of sir thomas more than ₹1.4 crore by 2 persons who lured him to clothe in a gold trading scheme, police said on Monday.Based on a complaint, a case has been registered under section 318(4) (cheating) of the Bharatiya Nyaya Sanhita (BNS) and relevant provisions of the Information Technology Act, said an official from the Wagle Estate division.He said the alleged fraud took place between April 11 and May 19.The 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.He said the complainant transferred more than ₹1.4 crore into various bank accounts as directed by the duo but did not receive any returns.When the complainant contacted the duo for updates on his investment, the accused avoided his calls and provided no clear response, the official said."We are probing the financial trail and attempting to trace the accused through digital and bank transaction records," the official added.

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