India, June 18 -- The Pimpri-Chinchwad police cyber cell on Monday arrested three individuals for allegedly duping an IT professional of Rs.1.55 crore in share market fraud. The accused have been identified as Shubham Chandrakant Mhanta, 25; Swapnil Chandulal Baheti, 35, who claimed as journalists and Prashik Uttam Navghare, 26, who posed as lawyer. The trio hailed from Solapur.

Police probe reveals that Baheti and Mhanta were in contact with cyber criminals from China. Mhanta was also working with a Chinese firm that assisted cyber criminals by forwarding OTP during the fraud. Trying to escape to Nepal via Patna, Prashik and Mhanta were detained from Pune airport on Sunday and arrested on Monday.

According to the police, a share market...