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Thane Woman Loses ₹1.1 Crore in Elaborate Share Trading Fraud
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News18•26-09-2026, 10:00
Thane Woman Loses ₹1.1 Crore in Elaborate Share Trading Fraud
- •A 59-year-old Thane woman was defrauded of ₹1.1 crore by cyber fraudsters.
- •She was lured into investing through a fake share trading application promising high returns.
- •The victim deposited the money across multiple bank accounts between August 4 and September 10 after being induced to download a fraudulent trading app.
- •When she tried to withdraw her funds, the app falsely showed her profits at ₹13.67 crore and demanded additional payments.
- •Thane Cyber police have registered a case under the Bharatiya Nyaya Sanhita (BNS) and the Information Technology Act, with an investigation underway to trace the culprits.
Key Questions Answered
A 59-year-old woman from Thane was allegedly duped of Rs 1.1 crore by cyber fraudsters after being lured into investing through a fake share trading application.
The Thane Cyber police registered a case under relevant sections of the Bharatiya Nyaya Sanhita (BNS) and the Information Technology Act, launching an investigation to trace the bank account holders and app operators.
When the victim attempted to withdraw her money, the fraudulent application falsely displayed her profits at Rs 13.67 crore and demanded additional payments.
