Advertisement
Monday, Oct 03, 2022
Outlook.com
Outlook.com

Maharashtra Man Loses Rs 10 Lakh In Bitcoin Trade, Files Fake Robbery Case To Hide It From Family

The incident occurred in Maharashtra's Palghar district where a secret crypto-enthusiast named Sumant Ligayat allegedly lost Rs 10 lakh while trading in Bitcoin

Maharashtra Man Loses Rs 10 Lakh In Bitcoin Trade, Files Fake Robbery Case To Hide It From Family
Bitcoin trade | PTI/File Photo
Maharashtra Man Loses Rs 10 Lakh In Bitcoin Trade, Files Fake Robbery Case To Hide It From Family
outlookindia.com
2021-11-23T17:43:02+05:30

In a bid to get back the money he lost in Bitcoin trading, a Maharashtra businessman made up a fake story about a robbery to save face in front of his family. The real reason was discovered after police investigated the matter and found that the man had in fact lost all the money in the crypto market.

The incident occurred in Maharashtra's Palghar district where a secret crypto-enthusiast named Sumant Ligayat allegedly lost Rs 10 lakh while trading in Bitcoin. Scared to reveal the truth to his family, Ligayat, who had been saving the money for his daughter's wedding, decide to come up with a fake story of being robbed to earn his family's sympathy. 

Ligayat's daughter's wedding is due next month. However, the Maharashtra man who deals in groceries and other essentials was left with no money to spend for the wedding. With no other option in sight, the man approached the Vasai police station and claimed that he had been robbed by an unidentified man, who had snatched his bag containing the money and escaped on a two-wheeler on Monday afternoon.

A case of robbery was registered and during a probe, the police realised that there was no truth in the complaint. No case has been filed against the businessman who was left with a warning.

 
(With PTI inputs)

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement