India, June 28 -- A 61-year-old Vashi resident was allegedly duped of nearly Rs.1.5 crore by cyber fraudsters who lured him into investing in a fake online share trading platform by promising unusually high returns. The Navi Mumbai Cyber Police have registered a case in connection with the fraud.

The complainant, a resident of Sector 30A in Vashi, told police that he was added to a WhatsApp group named Laxmi Capital 20191 VIP Group, where the administrators projected themselves as investment experts and encouraged members to invest in stock market trading schemes.

According to the FIR, the victim was contacted by individuals identifying themselves as Manisha Shaha and Sumit Sharma, along with other unidentified associates. The accused a...