India, Feb. 6 -- A student of Indian Institute of Technology Delhi (IIT Delhi) was duped by a cyber fraudster of Rs.4.33 lakh by getting placed under "digital arrest", an official said on Thursday, adding that the scammer was arrested from Chennai.

The accused, identified as Madan Lal, 29, was traced to Chennai and taken into custody, news agency PTI quoted police as saying.

Probe revealed that the accused withdrew the cheated money from ATMs, converted it into US dollars and cryptocurrency, and then sold them to a Chinese national at higher rates, receiving payments in bank accounts.

On November 16 of last year, a fourth-year engineering student at IIT Delhi received a call from someone claiming to be from a courier service, who false...