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Senior Citizen in Bhiwandi Loses Rs 1.29 Crore in Online Trading App Fraud

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Senior Citizen in Bhiwandi Loses Rs 1.29 Crore in Online Trading App Fraud

Analysed 31 Oct 2026·2 sources analysed·Bhiwandi, India·Crime
Senior Citizen in Bhiwandi Loses Rs 1.29 Crore in Online Trading App FraudPreviousNext

A 70-year-old man from Bhiwandi, Thane district, was defrauded of Rs 1.29 crore by cybercriminals who convinced him to invest through a fake online trading app called 'FINSOL'. He was added to a WhatsApp group promoting the app between July and October 2023. After transferring funds, the fraudsters demanded an additional Rs 20 lakh to release his money. Police have registered a case but no arrests have been made yet.

Sentiment
29%
TBN's observations

First-hand measurement across 2 sources

We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is negative (29/100). Lens Score 40/100.

Outlets measured: theprint, economictimes. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 2 sources · Published under editorial oversight by The Balanced News
Analysed 31 Oct 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Negative (29/100)

Sentiment was consistent across outlets (28–30/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

economictimes broke this story on 31 Oct, 12:30 pm. Other outlets followed.

31 Oct, 12:30 pm2 sources · 3 h31 Oct, 03:22 pm
AI analysis by the TBN Bias Engine · beat methodology byDushyant Deshmukh· Investigative Writer· editorial standards byOjas Kale
← Previous
Food Safety Officials Raid Unlicensed Sweet Units, Destroy Unsafe Products Ahead of Festive Season
Next →
Gurugram Traffic Police Impound Mahindra Thar for Multiple Violations
1
economictimes31 Oct, 12:30 pm
Man joins WhatsApp group, downloads trading app loses Rs 1.29 crore; fraudsters demand another Rs 20 lakh to release his money
  • 2
    theprint31 Oct, 03:22 pm
    Share investment fraud: Senior citizen from Bhiwandi cheated of Rs 1.29 cr by cyber criminals
  • Accountability flags

    TBN's analysis identified the following accountability dimensions in this story.

    • financial irregularity

      This story involves alleged financial misconduct — unexplained transactions, procurement irregularities, or misuse of public/shareholder funds.

    Who's involved

    Institutions and figures named across source coverage.

    Government
    Cyber Police Station Thane
    Enforcement
    Thane PoliceCyber Police Station Thane

    Story context

    Category
    Crime
    Location
    Bhiwandi, India
    Sources analysed
    2
    Last analysed
    31 Oct 2026
    Key entities
    CybercrimeIndian rupeeBhiwandiThaneThane districtCroreWhatsAppPress Trust of IndiaMobile appLakhStock marketMaharashtra