India, Feb. 23 -- A 39-year-old man was arrested on Saturday for allegedly selling bank accounts linked to his private firm to cyber fraudsters for a commission from the proceeds of the crime, police said.

The accused, identified as Sohan Pal Tomar, a resident of Sector 53, took a 1% commission (of around Rs.5 lakh) along with an additional Rs.50,000 for selling his account, which was used in cyber frauds, according to officials privy to the matter.

Investigators said the accused operated a private firm named Balaji Corporation Facilities from Gurugram, whose accounts were allegedly sold to fraudsters.

"Preliminary investigations revealed that he had agreed to sell the account in exchange for commissions on every transaction," a senior...