A 28-year-old man pursuing MBA course from a college in Maharashtra's Nagpur city has allegedly been duped of Rs 23 lakh after being promised lucrative returns in cryptocurrency investments, police said, reported news agency PTI.

A fraudster, posing as an investment advisor, approached the Nagpur MBA student via Telegram messaging platform on November 17, 2023, an official from Wathoda police station said on Tuesday, reported PTI.