A man from Navi Mumbai lost Rs 45.69 lakh to cyber fraudsters who lured him to invest in share trading, a police official said on Tuesday, reported the PTI.

Based on a complaint, a first information report (FIR) has been registered against five persons under sections 420 (cheating), 406 (criminal breach of trust) and other relevant provisions of the Indian Penal Code and the Information Technology Act, an official from the cyber police station said, as per the PTI.