Mon Aug 18 05:08:03 UTC 2025: ## Summary:

Two individuals are accused of defrauding a 48-year-old man from Thane, Maharashtra, of ₹40.99 lakh through a bogus online trading scheme.

## News Article:

**Thane Man Duped Out of ₹40 Lakh in Fake Online Trading Scam**

**Thane, Maharashtra -** A 48-year-old resident of Thane has reportedly lost ₹40.99 lakh in an elaborate online trading scam, according to police reports released Monday. Authorities are investigating two suspects believed to be responsible for orchestrating the fraudulent scheme.

The victim alleges that he was lured into investing in a fake online trading platform, promised high returns on his investments. Over time, he transferred a total of ₹40.99 lakh to the perpetrators, believing it was being used for trading activities.

“The victim was convinced by the suspects that he was participating in a legitimate online trading venture,” stated a police spokesperson. “He was shown fabricated profits initially, encouraging him to invest larger sums.”

Police are currently working to identify and apprehend the suspects. They are also urging the public to exercise extreme caution when investing in online trading platforms and to thoroughly research any investment opportunity before committing funds.

This incident serves as a stark reminder of the prevalence of online financial scams and the importance of vigilance in protecting personal finances. Authorities are advising individuals to be wary of unsolicited investment offers and to always verify the legitimacy of any online trading platform before investing. The investigation is ongoing.

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