Thane Shock: Man Loses Rs 94 Lakh in WhatsApp Share Trading Scam

Thane, 19th June 2024: In a distressing incident from Thane district, a 48-year-old man from Kalyan fell victim to a share trading scam, resulting in a loss of nearly Rs 94 lakh. According to officials, the deception occurred between April 9 and May 21.

The man reported encountering a WhatsApp group named ‘The Value Team A 13’, where purported financial “experts” offered lucrative tips for profiting in the stock market. These individuals persuaded him to invest using links and applications they provided.

Subsequently, the victim invested a total of Rs 93.6 lakh but received no returns. Upon realizing he had been defrauded, he promptly filed a complaint with the police.

“We have initiated an investigation into the matter,” stated the station house officer at Khadakpada police station. “Our teams are actively collecting evidence and pursuing leads to apprehend the perpetrators,” he affirmed.