India, April 3 -- Two Greater Noida residents were duped of Rs.1.57 crore in separate cyber fraud cases in the month of March, said police officials on Thursday, adding that cases have been registered at the Cybercrime Branch police station.

In the first incident, a 47-year-old man, who works at a Chennai-based IT firm and resides in Sector 16, Noida Extension, was allegedly duped to the tune of Rs.91.78 lakh between March 1 to 28, police said.

In his police complaint, seen by HT, the victim said, "On March 1, I was contacted by some company's representative through Whatsapp group which claimed to be the Security and Exchange Board of India (SEBI) and convinced me to open a Foreign Institutional Investor (FII) trading account."

The vic...