A 38-year-old man from Thane district in Maharashtra became the victim of a forex trading fraud, losing ₹13.54 lakh after being lured by the promise of high returns. The incident, which unfolded between February 2 and February 14, involved multiple transactions made to different bank accounts under the assurance of significant profits.
According to the police, the complainant, a resident of Chikloli in the Ambernath area, was contacted by a group of individuals who introduced themselves as forex trading experts. They convinced him that by investing through their platform, he could earn substantial returns within a short period. The victim, believing in their claims, transferred money in phases, with the total amount reaching ₹13.54 lakh.
The accused, identified as Anup Kamal, Sonia, and Hamza Khan, maintained regular contact with the complainant during the investment process, ensuring him that his money was being put to profitable use. However, trouble began when he attempted to withdraw his supposed earnings. Despite multiple requests, the accused avoided his calls and messages, making various excuses before eventually becoming completely unreachable.
Realizing that he had been duped, the victim approached the Ambarnath West police and filed a complaint against the fraudsters. Based on his statement, the police registered a case under relevant sections related to cheating and financial fraud. Law enforcement agencies have begun their investigation to track down the accused and recover the lost money.
Officials have warned the public to exercise extreme caution when dealing with online investment schemes, especially those promising unrealistically high returns. Forex trading, while legitimate under regulated platforms, has increasingly become a tool for scammers to exploit unsuspecting individuals. Fraudsters often use social media, messaging apps, and fraudulent investment websites to gain victims’ trust before deceiving them.
The police have urged people to verify the credentials of investment firms before making any financial commitments. They advise against transferring funds to unknown accounts and recommend using only officially recognized trading platforms. In light of this case, authorities have also reiterated the importance of reporting such scams immediately so that timely action can be taken.
As the investigation continues, efforts are being made to locate the accused and trace the money trail. Meanwhile, financial experts recommend that individuals conduct thorough research, seek professional advice, and remain vigilant to avoid falling victim to such fraudulent investment schemes.
