India, May 16 -- A 66-year-old man in Noida was duped of Rs.52 lakh by fraudsters posing as executives of a British multinational bank. The victim, a resident of Noida Sector 31, was duped on the pretext of investing in securities between March 12 and April 11, police said, adding that a case was registered at the Cybercrime police station.

The victim retired as an engineer, said police. In his complaint to police, he said, "On March 12, I was added to a WhatsApp group of a British bank's securities group with a logo. At least 100 people were added to that group and were told to invest in stocks."

The suspects posed as bank executives and regulators of securities. "They (fraudsters) added the victim from one group to another and then an...