Retired govt employee falls for ‘high’ returns on shares loses Rs 2.85 crore
PTI, July 16, 2025, Thane : A 66-year-old retired government employee from Maharashtra’s Thane district was allegedly duped of Rs 2.85 crore after being lured with “high returns” on shares, an official said on Wednesday.
The complainant, a resident of Vishnu Nagar in the Dombivali area, lost the money over about two months.
The senior citizens told the police that he was contacted over the mobile phone by some persons claiming to be representatives of an investment firm and a reputed security trading company.
With the promise of high returns, the callers persuaded the complainant to “invest” Rs 2.85 crore, which was transferred to several bank accounts, the official said.
When no returns were received, the man attempted to contact the callers. “Initially, the accused gave evasive responses, and soon after, they became completely unresponsive,” said the official.
The Vishnu Nagar police registered a case on July 14 under the Information Technology Act based on a complaint filed by the senior citizen, the official, adding that a probe is underway.
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