Thane man loses Rs 93 lakh in forex trading fraud, two persons booked

THANE: (May 16) A Thane resident lost Rs 93.30 lakh after he was lured into investing in a forex trading scheme by two persons, both of whom have been booked, a police official said on Saturday.

The accused, identified as Ananya Agarwal and Mukul Agarwal, allegedly manipulated a digital trading app to show fake earnings to the victim between January and May this year, the Chitalsar police station official said.

“The duo provided the victim with a specialized trading application to track his portfolio. Aside from displaying his actual deposits, the application showed artificial, inflated earnings to the tune of Rs 3 crore,” he said.