Four booked for cheating Navi Mumbai woman of Rs 19.2 cr in online share trading

A 48-year-old Navi Mumbai woman has allegedly been cheated to Rs 1.92 crore in online share trading following which police have registered a case against four persons, an official said on Thursday, reported news agency PTI.

The accused lured the Navi Mumbai woman into online trading of shares with a promise of good returns on her investments.

The victim, resident of Vashi area, made payments of Rs 1,92,49,200 into some bank accounts over the last two months, Cyber police station`s senior inspector Gajanan Kadam said, reported PTI.

However, when the Navi Mumbai woman asked for the returns and the invested amount, the accused gave evasive replies and also avoided her calls, reported PTI.

Following her complaint, the police on Wednesday registered a case against four persons under relevant sections of the Indian Penal Code and the Information Technology Act, the official said, reported PTI.