A 66-year-old man from Maharashtra’s Thane district has fallen victim to cyber fraud, losing more than ₹47 lakh to scammers who lured him into an online share trading scheme, police said on Saturday.

According to PTI, the fraud took place between December 2024 and February 2025. The accused, who were allegedly part of a WhatsApp group and a share trading application, contacted the victim and persuaded him to invest in online trading by promising high returns.