The police on Monday said that two persons allegedly cheated a 48-year-old man from Maharashtra`s Thane city of Rs 40.99 lakh in a fake online trading scheme, reported news agency PTI.

As per the victim`s complaint, he came across a trading advertisement on Facebook and while pursuing it, he was added to a WhatsApp group where he was guided by fraudsters to invest in IPOs.

He transferred Rs 40,99,814 to some bank accounts in May and June this year. His accounts later reflected his investment had risen to Rs 88,39,072, but he was unable to withdraw the amount, reported PTI.

When the fraudsters asked him to pay 20 per cent of the amount as tax, the man realised he was cheated, an official from Vartak Nagar police station said.

After the victim`s efforts to recover the money failed, he approached the police.

Based on his complaint, the police on Sunday registered an FIR against two persons, including a woman, under sections 318(4) (cheating) and 3(5) (common intention) of the Bharatiya Nyaya Sanhita as well as provisions of the Information Technology Act, the official said, reported PTI.

Fake travel agent from Thane dupes man of Rs 3.77 lakh; booked

In another case, the police have registered a case against a man from Thane in Maharashtra for allegedly posing as a travel agent and cheating a person of Rs 3.77 lakh under the pretext of facilitating international flight tickets, an official said on Monday, reported PTI.

According to the 32-year-old complainant, who hails from Silchar in Rajasthan, he got in touch with the accused through an acquaintance.

The accused lured the complainant to transfer Rs 3,77,916 through UPI for tickets to send his two relatives abroad for jobs through the flight of an international airline, the official from Mira Road police station said, reported PTI.

Later, it was found that the tickets were fake, he said.

When the victim contacted the accused, he initially gave false assurances and later blocked all communication, reported PTI.

A case was registered against the accused on August 15 on charges of cheating and forgery, the official said.

(With inputs from PTI)

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