India, April 11 -- A 63-year-old retired railway employee from Mulund has been duped of Rs.1.49 crore by cyber fraudsters who allegedly lured her with promises of high returns through an online share trading scheme.

According to police, the woman came across an online advertisement on December 26 promoting lucrative stock market investments. After clicking on it, she was added to a WhatsApp group titled "VIP Share Trading Platform" with around 90 members. The group administrators regularly shared investment tips, while several members posted claims of earning substantial profits, prompting the woman to invest.

"After expressing interest, she was asked to complete KYC formalities through a fraudulent application and was later added to an...