Navi Mumbai police have registered a case against five persons for allegedly cheating a 55-year-old man of Rs 96 lakhs, an official told PTI on Monday. According to the report, the accused lured him to invest in shares for good returns. 

Reportedly, the accused contacted the victim, a resident of Nerul, on different occasions between August 12 and 30; he persistently asked him to invest in shares. Following that, the victim made an investment of Rs 96, 72,100. However, when asked for returns by the victim, the accused's replies became evasive, the official from the cyber police station told PTI.