Thane, Mar 22 (PTI) A 37-year-old man from Navi Mumbai allegedly lost more than Rs 10 lakh after fraudsters persuaded him to invest in cryptocurrency promising high returns, an official said on Friday.
In his complaint, the man said some individuals contacted him over the phone and Telegram app between February 9 and February 11, claiming he would get lucrative returns if he invested in cryptocurrencies like bitcoins and other digital assets.
Also Read | Uttar Pradesh Police on High Alert, Issue Directives To Maintain Peace Ahead of Ramzan, Holi Celebrations.
He then transferred Rs 10.61 lakh into various accounts as advised by the scammers.
The man approached the police when he did not receive any money in return despite attempts to contact the accused.
Also Read | PM Modi Bhutan Visit: Prime Minister Narendra Modi Leaves for Two-Day Visit to Bhutan (See Pics and Video).
The Uran police on Thursday registered a case of cheating under the Indian Penal Code, and the Information Technology Act, said the station house officer.
(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)
