India, June 21 -- A 60-year-old marketing professional from Koparkhairane was allegedly duped of more than Rs.1.32 crore by cyber fraudsters who lured him into a fake stock investment scheme through WhatsApp and Telegram groups promising high returns.

According to the FIR, the fraudsters operated a WhatsApp group named '601 Dalal Street Expert Forum' and a Telegram channel titled 'F03 Bapat Investment Trading Team 6'. The complainant identified the accused as individuals using the names Anant Bapat, Kavya Chaturvedi and Paige Carter, along with other unidentified administrators linked to the investment platform.

Police said the fraud began on April 17, when the complainant was added to the WhatsApp group, where members projected themsel...