told PTI.

The woman guaranteed the victim of high returns and and got him to use a specific trading application. The victim subsequently invested Rs 73.72 lakh over a span of three months, the official said. However, the man became suspicious when no returns were credited.

The woman stopped responding and became out of reach when the man started asking about the invested money, the official said.

The man then approached the police with a complaint.

The police registered a case under sections 420 (cheating) and 34 (common intention) of the Indian Penal Code and relevant provisions of the Information Technology Act following an initial inquiry. The police are working to trace the accused and track digital footprints related to the fraudulent transactions, he added.