A 62-year-old man from Thane has allegedly been cheated of Rs 82.13 lakh in an investment fraud after being promised high returns, police said on Tuesday.

As reported by news agency PTI, the victim came across a Facebook advertisement earlier on September 26, 2025, which promised high returns on share market investments. When he clicked on it, he was redirected to a WhatsApp group named after a leading finance and investment company.