India, Feb. 5 -- A couple were duped of Rs.2.5 crore after being lured by a suspect to invest in precious metal in return for profits, said police aware of the matter on Wednesday.

Police said the couple are in their mid-70s, living in a condominium in Sector 28. The man is a retired colonel and the suspect had come in their contact for the first time in 2021 via their family friend.

According to police, the suspect had introduced himself as an owner of a trading firm with its office in Sector 74A. During investigation, it was found that it was a fake company which the suspect had opened to dupe people.

A senior police official said that the man had first paid the suspect Rs.7 lakh on June 7, 2021. "The suspect had been in contact with...