Gwalior, June 10 -- A 49-year-old contractor from Madhya Pradesh's Gwalior lost over Rs 91 lakh to cyber fraudsters who lured him with promises of high returns on investment, police said on Tuesday.

The victim has been identified as Jai Singh Chouhan, a resident of Gola Ka Mandir locality.

According to officials, Chouhan, who works as a contractor and previously invested in the share market, was tricked by fraudsters posing as representatives of an investment company offering lucrative returns.

"When the victim realised that he was duped, he approached the Crime Branch police station and lodged a complaint on June 8," said Additional Superintendent of Police (ASP) Niranjan Sharma.

"A case related to cyber fraud of Rs 91 lakh has been ...