Insurance consultant from Mumbra loses Rs 71L to cryptocurrency investment fraud

Thane: A 42-year-old insurance consultant from Mumbra in Thane district of Maharashtra was allegedly cheated of more than Rs 71 lakh by cyber fraudsters who lured him into investing in cryptocurrency trading, police said on Tuesday.A case was registered against six persons at Mumbra police station under relevant sections of the Bharatiya Nyay Sanhita on charges of cheating and breach of trust. Nobody has been arrested to date.The complainant, a resident of Kausa in Mumbra, alleged that the accused induced him to invest money in a firm, purportedly associated with a cryptocurrency platform, between August 2025 and March 2026.He transferred Rs 71,60,015 through cash and online transactions at different times. However, the accused failed to return the invested amount and instead misappropriated the funds, a police official said. PTI