Navi Mumbai: A 44-year-old merchant navy man from Vashi was duped of Rs 32 lakh by an agent and a company that promised him huge returns in a crypto currency fraud scheme. The Vashi police have registered a first information report (FIR) in the case.
Complainant Nilesh Bankar has stated in the FIR that in 2017, he met Mangesh Shinde, an agent, who told him about Bitoxycoin Return On Investment (ROI) plan by a Hyderabad-based company, which offered huge returns on investments in crypto currency. He invested Rs 1 lakh in the scheme initially.
A month later, when Bankar found that his investment had increased to Rs 1.42 lakh, he invested Rs 32 lakh in August 2018 before he could realise it was a fraud. — George Mendonca