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.