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.


Devdiscourse News Desk | Thane | Updated: 16-05-2026 17:36 IST | Created: 16-05-2026 17:36 IST
Thane Resident Swindled in Forex Trading Scam
  • Country:
  • India

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.

(With inputs from agencies.)

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