India, April 3 -- Police registered seven cheating cases involving frauds worth over Rs.4.62 crore across the city on Wednesday. The frauds include cyber investment scams and bogus business deals.

In one case registered with the cyber police, unidentified persons duped an 82-year-old resident of over Rs.1 crore in the name of forex trading. The fraudsters allegedly contacted the victim online and persuaded him to invest in a trading scheme promising high returns. They showed him fabricated profit dashboards to gain his confidence. After multiple transactions, the accused stopped all communication with the victim, prompting the victim to approach the police.

Another cheating case was registered at Vishrambaug police station, where a trad...