Gurugram, June 25 -- A 67-year-old resident of Gurugram was allegedly cheated of Rs.93.34 lakh in a cyber fraud case after being lured into investing in the stock market with promises of hefty returns, police said on Wednesday.

Police officers said that the man, a resident of Sector 31, alleged in his complaint that the suspects contacted him via a social media platform by impersonating officials of a fake investment firm. They shared its website link and lured him into investing in lucrative shares and Initial Public Offerings (IPOs) in the stock market.

The accused allegedly assured the victim that his money would double or even triple within a month.

Police said the complainant alleged that he trusted the accused after they displaye...