Archive · 11 Dec 2025
Mumbai Couple Loses Rs 72.5 Lakh in Forex Scam
A couple from Mumbai was tricked by three people who said they were successful in forex trading.
The couple believed them and invested Rs 72.5 lakh.
At first, the accused gave them some money, but later they stopped paying.
The couple tried to get their money back, but the cheques bounced, and the accused disappeared.
The police arrested one of the accused, Rajendra Nerlikar, after two years.
The other two are still being searched for.
The police say the accused also tricked other people in Mumbai and Kolhapur.
A Mumbai couple lost Rs 72.5 lakh in a forex trading scam.
The accused promised significant returns but failed to pay back.
One accused, Rajendra Nerlikar, was arrested after two years.
The other two accused are still being searched for.
The police have charged the accused with criminal breach of trust and cheating.
- Who
- A Mumbai couple and three accused individuals, including Rajendra Nerlikar
- What
- A forex trading scam resulting in a loss of Rs 72.5 lakh
- When
- Investments made between April and August 2022, arrest on December 6
- Where
- Mumbai and Kolhapur
- Why
- The accused lured the couple with promises of significant returns but failed to pay back
Victims
Accused
Investment Promises
Victims
The couple was promised significant returns on their investment.
Accused
The accused lured investors with guarantees of high returns.
Payment and Recovery
Victims
The couple received some payments initially but later faced bounced cheques and no returns.
Accused
The accused failed to return the principal amount and stopped responding to investors.
Legal Action
Victims
The victims filed a police complaint leading to an investigation and arrest of one accused.
Accused
The accused are facing charges of criminal breach of trust and cheating.
- Victims
- Mumbai couple from Borivali
- Amount Lost
- Rs 72.5 lakh
- Investment Period
- April to August 2022
- Arrested Accused
- Rajendra Nerlikar
- Charges
- Criminal breach of trust, cheating
- Search Ongoing
- For two other accused from Kolhapur
