India, June 21 -- A 44-year-old chartered accountant (CA) was detained for allegedly duping the director of a private share trading firm of over Rs.4.75 crore by promising large profits through stock market investments, the police said on Friday.

The accused, identified as Mukesh Garg, was nabbed from his residence in Kaushambi, Ghaziabad. Police said they were able to recover Rs.4.74 crore of the cheated amount after swiftly alerting the Indian Cybercrime Coordination Centre (I4C) and freezing multiple layers of bank transfers involved in the fraud.

"We held Mukesh Garg after registering a case of cheating, impersonation, and use of forged documents under sections 318, 319, and 340 of the Bharatiya Nyaya Sanhita," said Aishwarya Sharma...