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Thane Businessman Loses Rs 5 Crore in Forex Investment Scam | Mumbai News

Promised high returns on forex investment, bizman duped of 5cr

Thane: A businessman was cheated of Rs 5 crore by online fraudsters who promised him high return on investments, a Thane police official said on Sunday. The Mumbai-based importer was approached by the accused, who claimed to be from a US firm, the official said.
“They asked him to invest in multiple currencies on a fraudulent online platform. Between April and October this year, he invested Rs 5 crore. He never got any of the promised returns, after which he approached Naupada police station on Friday,” the official said. Economic Offences Wing of Thane Police is probing the case. PTI

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