Bijnor (UP), May 30 (PTI) Six people have been arrested for allegedly cheating a retired Navy officer of over Rs 2 crore in a fake share trading scheme, police said on Friday.

Superintendent of Police Abhishek Kumar Jha said Bhupendra Singh, a resident of Lalpur village, was lured into investing Rs 2.08 crore between March and April through a WhatsApp group run by the accused.

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The group falsely promised high returns and later demanded Rs 50 lakh more to release his so-called "profits", the officer said.

Police recovered Rs 3 lakh cash, laptops, mobile phones, and identity documents. So far, Rs 2 lakh has been returned and Rs 17 lakh frozen in bank accounts, he added.

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Further investigation is ongoing in the case, the police said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)