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Thane woman loses Rs 1.85 crore in share trading fraud, police investigate

A woman from Thane was scammed out of Rs 1.85 crore by cyber fraudsters posing as share traders. Police have registered a case and are investigating the incident.

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47-year-old woman from Thane has been allegedly duped of Rs 1.85 crore by cyber fraudsters who convinced her to invest in share trading, promising high returns. The incident, which came to light recently, has prompted police to register a case under the relevant sections of the Information Technology (IT) Act.

As per PTI reports, the woman was first contacted by the accused in October 2024, who lured her into the world of share trading by offering attractive returns. These fraudsters, who identified themselves under a group name, added her to various WhatsApp groups where they provided further instructions on how to make the investments. The accused sent links through which the woman was instructed to transfer money.

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