Mumbai: A 51-year-old share trader from Dadar lost Rs 86.9 lakh to cyber fraudsters who lured him with promises of high returns through a fake investment platform.According to the South Cyber police, the complainant who engaged in share trading, responded to an advertisement promoting stock trading in trending shares. After clicking on that link, he was added to a WhatsApp group titled “F5 Axis Securities Group,” which claimed to offer expert guidance on profitable investments.The group administrators allegedly introduced themselves as representatives of a reputed securities firm and assured returns ranging from 5% to 30%. The complainant registered on a website, asloepxccv.com, and began investing as instructed. The platform later displayed a balance of over Rs 2.1 crore, but when the complainant attempted to withdraw Rs 50 lakh, he was asked to deposit additional sums under the pretext of IPO charges.

