In his police complaint, the person has claimed that he was forcibly taken to Bandra from his home in Kalyan, where the accused assaulted him and later made him to mortgage his flat.
Image: IANS
A 41-year-old man from Maharashtra’s Thane district has claimed that four individuals assaulted and forced him to transfer ₹47.25 lakh after blaming him for incurring major losses in the stock market.
Maruti Andale, Police Inspector (Crime) from Kalyan, shared that the accused persons were middlemen. They used to take money from investors and put that amount into shares through the complainant, named Vinaykumar Raghunath Singh, PTI reported.
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The action was taken as they held Singh responsible for all the losses that their clients incurred in the stock market between January 2024 and April 2026, the official added.
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In his police complaint, Singh has claimed that he was forcibly taken to Bandra from his home in Kalyan, where the accused assaulted him and later made him to mortgage his flat. An FIR in this regard has been registered at the Khadakpada police station, according to PTI.
Singh was allegedly forced by the accused to transfer ₹47.25 lakh from his bank accounts as well as those linked to his clients.
As of now, it remains unclear why the accused routed their clients’ investments via Singh.
In connection with the matter, the police have booked the accused under multiple sections of the Bharatiya Nyaya Sanhita, related to kidnapping, cheating, voluntarily causing hurt and criminal intimidation, as well as the IT Act.
Further investigation in the matter is currently underway.
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