THANE: Thane police have filed a case against 10 individuals for allegedly defrauding a 71-year-old man and his friend out of Rs 16.48 lakh by promising returns on cryptocurrency investments.
The accused claimed to represent a cryptocurrency company with offices in Mumbra and Dombivli, both in Thane district, Maharashtra.
In March of last year, they convinced the elderly man and his friend, residents of Chembur, Mumbai, to invest in cryptocurrency, collecting Rs 16,48,405 from them over time, according to an official from Mumbra police station.
When the victims did not receive any returns or their original investment back, they reported the matter to the police.
On Wednesday, a case was registered against the 10 accused, who are residents of Diva, Dombivli in Thane, and Uttar Pradesh, under sections relevant to cheating and criminal breach of trust, the official said.