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Thane man defrauded of Rs 28 lakhs in share trading scam

The Thane man received no return despite having invested a huge amount and when he sought reimbursement, the accused stopped communication.

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A 43-year-old manager of a cloth factory in Dhaka fell victim to an alleged scam, losing Rs 28 lakh after being seduced by promises of big returns in share trading while on holiday in his hometown in Maharashtra's Thane district, police said Sunday.

According to the PTI report, during his vacation in October 2023, the man came across an attractive offer on Facebook offering huge profits from share trading. Intrigued, he joined many trading groups and received messages from four people accused of the scam.

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