India, July 24 -- A 43-year-old woman entrepreneur from Belapur was duped of Rs.2.29 crore in an online trading fraud between April and July this year. The frauds introduced themselves as the representatives of a popular financial advisory firm, asked her to download a trading app and invest money through it, said a police officer.

According to the police, the victim's husband was added to a WhatsApp group named 'VIP 1 Equity Exchange', where tips for making profits on investments were shared. On seeing that the members of the group were making huge profits, he also wanted to invest and expressed interest.

"The frauds contacted him and introduced themselves as representatives of a reputed financial advisory platform. They provided a mul...