A 36-year-old man from Maharashtra's Thane district has been allegedly cheated of Rs 62 lakh by an acquaintance who lured him to invest in the share market, promising him high returns, police said on Monday, reported news agency PTI.

Based on a complaint, the Kapurbawdi police on Saturday registered a first information report (FIR) against one Sachin Bhagwat (47), under sections 318(4) (cheating) and 316(2) (criminal breach of trust) of the Bharatiya Nyaya Sanhita (BNS), an official said, reported PTI.