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Thane coaching class owner duped of over Rs 1.88 cr in share trading WhatsApp group scam

A coaching class owner in Thane filed a complaint of cheating (Section 420 of the Indian Penal Code) with the Vitthalwadi police station.

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A 48-year-old Thane district coaching class owner fell prey to a share trading fraud and lost more than Rs 1.88 crore after joining a WhatsApp group, police said on Wednesday.

According to the Thane coaching class owner's complaint, an unnamed person added him to the WhatsApp group 'STOCK Vanguard (F)' in March. This 170-member organisation offered share trading guidance.

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