India, Dec. 11 -- A 54-year-old Greater Noida West resident was allegedly duped of Rs.50 lakh on the pretext of making profit in the stock market, police said on Wednesday.

The man was allegedly added to a WhatsApp group in early September by a man claiming to have experience in financial services from foreign and later linked him to another person.

"On Group, they showed fake share market regulatory registration site/certificates and claimed that investors could earn higher returns. Following their instructions, I opened an account on an online application. The app displayed real-time trading data and profit figures, giving an impression of legitimacy. I was advised to deposit funds into various bank accounts provided by the suspect," ...