<h1>Retired bank MD cheated of Rs 1.6 crore in WhatsApp stock-trading scam; FIR filed and Rs 54 lakh frozen</h1> A retired managing director of a public sector bank was allegedly cheated of Rs 1.60 crore by cybercriminals who lured him via WhatsApp into a stock-trading group. After opening a Demat account and seeing initial small gains, he was persuaded to make a large purchase; when attempting to sell, the fraudsters threatened regulatory action, arranged a loan and demanded additional payments labeled as 'capital gains tax,' while refusing official documents. The victim filed a complaint; police froze about Rs 54 lakh in fraudsters' accounts, registered an FIR against four individuals, and are continuing the investigation.