A Nagpur businessman was duped of Rs 2.48 crore by a group of persons who promised him good returns on investment in the stock market, a police official said on Thursday, reported the PTI.

Moti Dularamani (76), a former wholesaler of food essence, had seen an advertisement on Facebook promising 15-20 per cent returns on investment and responded, the official from Dhantoli police station in Nagpur district of Maharashtra said, according to the news agency.