A 60-year-old woman from Matunga was allegedly cheated of more than Rs 2.2 crore by cyber fraudsters who lured her into investing in a fake stock trading and IPO platform.

According to the complainant, a homemaker who earns her livelihood by conducting knitting classes, was lured into investing a total of Rs 2,20,60,400 between March and May this year. On May 27, the cyber police received a complaint regarding this matter and the investigations are underway in this matter.