Mumbai: Police are on the lookout for scammers for allegedly duping two people to the tune of Rs 1.29 crore. The first case involved a 54-year-old Thane resident, and the second a 62-year-old resident of Ahilyanagar.

In both cases the victims came across advertisements related to share market investments on social media websites. They either clicked on a link or called the number provided in the ad. The victims were later added to WhatsApp groups where information about the stock market was being discussed.

The Thane resident ended up transferring Rs 79 lakh in multiple transactions to different beneficiary accounts provided by the scammers. The 62-year-old victim transferred Rs 50 lakh. The police have registered two separate cases and investigations are ongoing.