Thane Resident Swindled in Forex Trading Scam

A Thane resident was defrauded of Rs 93.30 lakh after being enticed into a forex trading scheme. The accused, Ananya Agarwal and Mukul Agarwal, allegedly manipulated a digital trading app to display false earnings. Legal action has been initiated, though arrests have not been made.

A resident of Thane has reportedly been defrauded of Rs 93.30 lakh by two individuals who lured him into a forex trading scheme, according to authorities on Saturday.

The accused, named Ananya Agarwal and Mukul Agarwal, allegedly manipulated a digital trading app to mislead the victim with fictitious earnings from January to May this year.

The police disclosed that while the app showed inflated earnings of Rs 3 crore, the victim realized the deceit when he couldn’t access his initial investment or virtual profits. Legal proceedings are underway, though the accused have yet to be apprehended.