Mon May 26 04:52:50 UTC 2025: Okay, here’s a summary and a news article based on the provided information:

**Summary:**

A 62-year-old man in Thane, Maharashtra, was defrauded of over Rs 1.4 crore after being convinced to invest in a fraudulent gold trading scheme by two individuals.

**News Article:**

**Thane Man Swindled Out of Rs 1.4 Crore in Gold Trading Scam**

**Thane, Maharashtra –** A 62-year-old Thane resident has reportedly lost over Rs 1.4 crore after falling victim to a sophisticated gold trading scam. Police sources confirmed on Monday that the man was allegedly lured into the scheme by two individuals who promised high returns on his investment.

According to initial reports, the victim was convinced to invest his money in a gold trading scheme, with the perpetrators making enticing promises of significant profits. After investing a substantial sum, the man realized he had been defrauded and subsequently filed a complaint with the Thane police.

Authorities have launched an investigation into the matter and are actively pursuing the two suspects involved. Police are urging citizens to exercise caution and conduct thorough research before investing in any scheme, especially those promising unrealistically high returns. This case serves as a stark reminder of the prevalence of investment scams and the importance of vigilance in safeguarding personal finances. The investigation is ongoing.

Read More