Three women from Maharashtra’s Thane district were swindled out of over Rs 1 crore in a share trading scam. The victims, aged 30 to 44, were promised high returns but received neither the principal nor the returns on their investments. Police are investigating the fraud.

Three women from Maharashtra's Thane district collectively lost more than Rs 1 crore after being duped in a share trading scam, police announced on Sunday.

The women, from Dombivli and Ulhasnagar areas, were cheated over the past three months. Frauds promised them high returns on investments in shares, but the victims, aged between 30 and 44, received nothing—neither their principal investments nor any returns, according to the FIRs.

Two of the women lost over Rs 30 lakh each, while the third lost over Rs 40 lakh. Authorities are currently working on identifying the culprits behind these fraudulent activities.

(Disclaimer: With inputs from agencies.)