India, Feb. 17 -- The police arrested a man on Friday for allegedly cheating three members of a family of Rs.10.64 lakh by inducing them to invest in the stock market through him for good returns. Police said the accused, Vaibhav Ganpat Thombare, 38, collected money from them through many bank accounts, to which cyber frauds had access. He was produced before the court and is currently in judicial custody.

According to the police, the complainant is a 35-year-old man who resides with his family in the Motilal Nagar area of Goregaon West. His wife, one of the victims, had been receiving numerous messages on her mobile phone regarding stock market investments. Initially, she ignored them but one day her interest was piqued, and she express...