The police on Monday said that a 62-year-old man from Maharashtra's Thane city was allegedly duped of more than Rs 1.4 crore by two persons who lured him to invest in a gold trading scheme, reported news agency PTI.

Based on a complaint, a case has been registered under section 318(4) (cheating) of the Bharatiya Nyaya Sanhita (BNS) and relevant provisions of the Information Technology Act, said an official from the Wagle Estate division.