New Delhi, June 27 -- A retired academic from Andhra Pradesh has reportedly lost nearly Rs.2 crore in a sophisticated cyber fraud scheme, after being added to a WhatsApp group offering fraudulent investment advice, reported the Times of India.

Dr M. Batmanabane Mounissamy, former director and professor at the prestigious Jawaharlal Institute of Postgraduate Medical Education and Research (JIPMER), Pondicherry, filed a police complaint on 18 June detailing how he was duped by scammers posing as representatives of the financial services firm Nuvama, reported the publication.

Reportedly, the incident began when Dr Mounissamy was added to a WhatsApp group named 'H-10 Nuvama Health Group', which promised insider tips and expert guidance on i...