India, Nov. 6 -- Three members of an international cyber fraud syndicate allegedly operated by Chinese nationals have been arrested for duping hundreds of people across India of around Rs.250 crore through fake online trading investment schemes over the last one and a half years, police officers aware of the matter said on Wednesday.

The arrested men, who named themselves after key characters from the Netflix series Money Heist, allegedly arranged mule bank accounts for their Chinese handlers to receive cheated money, which was routed through multiple accounts before being converted into cryptocurrency. Officers said the accused received commissions in cash through hawala channels.

The arrested suspects were identified as Arpit Mishra, ...