India, June 7 -- A 51-year-old logistics professional from New Panvel was allegedly duped of Rs.1.09 crore by cyber fraudsters who lured him into a fake stock investment scheme through a WhatsApp group and a fraudulent trading application that showed fictitious profits.

The victim approached the Navi Mumbai Cyber Police after discovering that the platform on which he had invested more than Rs.1 crore was part of an elaborate online fraud.

According to the FIR, the fraud took place between March 26 and June 3 after the complainant was added to a WhatsApp group named "IIFL Invesco VII 2026 10x Growth Strategy Y113". The group was allegedly operated by persons claiming to be investment experts and representatives of a reputed financial ins...