India, Feb. 27 -- The city police logged a staggering Rs.2.14 crore in cyber losses on Wednesday. In one case, a 75-year-old resident of Kharadi was duped of Rs.1.49 crore between July and October 2025. According to police, the victim was added to a WhatsApp group allegedly operated by a well-organised share market trading syndicate. The fraudsters projected themselves as investment experts and promised discounted share purchases, assured Initial Public Offering (IPO) allotments and unusually high returns.

After gradually building trust through fabricated profit screenshots and regular communication, the accused convinced the senior citizen to transfer Rs.1,49,33,152 in multiple transactions. Once the money was credited, the fraudsters s...