India, April 24 -- The police arrested 38-year-old cyber fraud on Tuesday after he duped an entrepreneur to the tune of Rs.53 lakh after luring her to earn high returns in stock market. The accused, Dinesh Chawla, is part of a cyber fraud syndicate and has opened multiple bank accounts to receive defrauded money, and received a commission for his role.

According to the police, the 45-year-old complainant, a Malad resident, runs a software development company. In her complaint, she said she mostly uses the internet for business transactions. Chawla called her in March and claimed to know her friend. After earning her trust, he suggested her to invest in a trading company where she can earn good returns.

She was added to a WhatsApp group ...