A 25-year-old man from Thane, Maharashtra, has fallen prey to a massive financial scam in which fraudsters allegedly used his personal information to open over 75 bank accounts and launder nearly Rs 7.64 crore.
According to police, the accused posed as legitimate businesspeople and offered the victim Rs 5,000 for each bank account opened in his name and the names of others. They claimed the accounts were needed for routine business transactions and assured the victim that all activities would be legal.
However, the Thane resident later discovered that the accounts were being misused for illegal fund transfers under the name of a fictitious company, reported PTI.
The fraudulent transactions are believed to have occurred between October 2023 and May 2025. A case has been registered under relevant sections of the Bharatiya Nyaya Sanhita, 2023. While the investigation is ongoing, no arrests have been made so far.
