A 62-year-old housewife from Mumbai has allegedly been duped of Rs 7.88 crore by cyber fraudsters after being lured to invest in the stock market for high returns, police said, reported news agency PTI.

The fraudsters posed as representatives of a reputed financial services company to cheat the woman, resident of Bandra area, over the last two months, an official from West Region Cyber Police Station said on Monday.

The victim, in her police complaint, said she first received a message on WhatsApp from an unknown number. The sender, identifying as a woman, claimed to be the assistant of a senior officer of the company and initiated a conversation about stock investments, reported PTI.