Thane: Four booked for assaulting man over stock market losses

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A 41-year-old man from Maharashtra's Thane district has alleged that four persons made him transfer Rs 47.25 lakh and assaulted him after blaming him for incurring losses in the stock market, police said on Thursday, reported PTI.

Maruti Andale, police inspector (crime) from Kalyan, told PTI that the accused were middlemen who took money from investors and invested in shares through the complainant. They held him responsible for the losses their clients suffered between January 2024 and April 2026, the official said.

Complainant Vinaykumar Raghunath Singh alleged that the accused forcibly took him from his home at Kalyan to Mumbai's Bandra area, where they assaulted him and forced him to mortgage his flat, an official said, citing the FIR registered at Khadakpada police station, reported PTI.

The accused also allegedly compelled Singh to transfer Rs 47.25 lakh from his bank accounts and those linked to his clients, police said.

It was not immediately clear why the accused routed their clients' investments through Singh.

The accused have been booked under Bharatiya Nyaya Sanhita sections concerning kidnapping, cheating, voluntarily causing hurt and criminal intimidation, and under the IT Act, he said, adding that a probe is underway.

4-year-old boy beaten to death by his mother's lover in Thane

In another case, a four-year-old boy was allegedly beaten to death by his mother's lover in Maharashtra's Thane district, with the police yet to determine the motive behind the crime, officials said on Wednesday, reported PTI.

The accused, identified as Shambhu Sharma, was arrested after police grew suspicious during the initial probe into the child's death on Monday. The incident took place within the jurisdiction of the Kashimira police station, reported PTI.

According to police, the boy's mother had been living with Sharma. The child was allegedly brutally assaulted by the accused at home, leading to his death. An attempt was made to pass off the death as natural, they said.

However, police noticed injury marks on the child's body during the panchnama and sent the body for post-mortem. The autopsy report confirmed death due to severe internal injuries caused by the assault.

Based on the findings, police detained Sharma, and he confessed to beating the child, said police.

A case of murder was registered against Sharma on Tuesday, officials said, adding a probe was underway to ascertain why he assaulted the child and whether the mother was aware of the alleged crime, reported PTI.

(With inputs from PTI)