India, May 11 -- A 37-year-old man in Noida was duped of Rs.56 lakh in a share market trading fraud, police said on Sunday, adding that a case was registered at the Cybercrime Branch police station.

Police said the victim resides with his family in Sector 53.

In his complaint to the police on May 6, he stated, "On February 9, I was added to a WhatsApp group where information related to profits in the share market was being shared. Later, I was asked by the group administrator to invest in the share market through a mobile application provided by them."

Police said the victim started investing with Rs.50,000 and gradually went on to invest Rs.56.93 lakh in 24 transactions till April 11.

In his FIR, he stated, "When I attempted to withd...