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Maharashtra: Woman duped of over Rs 36 lakh in Cryptocurrency fraud

The Maharashtra Police have filed a case under the Bharatiya Nyaya Sanhita (BNS) and the Information Technology Act against two unidentified individuals for duping a woman from Navi Mumbai in a cryptocurrency scam involving over Rs 36 lakh.

Edited By: Vaidehi Jahagirdar Thane Updated on: July 04, 2024 17:42 IST
Cryptocurrency Scams in India
Image Source : INDIA TV Representational Image

The Maharashtra Police on Thursday (July 4) informed that a case under the Bharatiya Nyaya Sanhita (BNS) and the Information Technology Act has been filed against two unidentified accused for duping a woman in a cryptocurrency fraud case involving more than Rs 36 lakh.

Speaking to the media, the state police informed that a 44-year-old woman from Maharashtra's Navi Mumbai had fallen victim to a cryptocurrency scam and lost more than Rs 36 lakh.

They said the woman, earlier in April, was lured to invest a whopping amount of Rs 36,80,151 by the accused in a cryptocurrency trade, to which she agreed. However, when the victim sought returns on her significant investment, the accused did not comply, prompting her to file a police case.


Meanwhile, it is pertinent to note that the recent incident comes a month after the Central Bureau of Investigation (CBI) held a massive nationwide search operation covering 30 locations across 10 states and UTs in India in connection with a case involving a fraudulent investment scheme linked to the HPZ Token App, in which people were enticed to invest in non-existent crypto-currency mining machine rentals.

(With inputs from PTI)

READ MORE | Woman arrested for using AI to dupe neighbor of Rs 6 lakh in Thane, creates male voice during calls

READ MORE | Researchers reveal alarming rise in investment scams in India through Facebook, WhatsApp, Telegram

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