India, Dec. 8 -- A 24-year-old man posing as a stockbroker and businessman was arrested on Saturday for allegedly duping a resident of Rs.6 crore in a stock market investment fraud, police said. The victim, who filed a complaint at Sadar police station, stated that the accused had promised high returns to lure the victim into investing, said officials.

A team of Economic Offences Wing-I of Gurugram police arrested the accused, identified as Anshuman Roy, a BBA graduate, from his native village in Assam's Bongaigaon district. "With the help of technical assistance and secret information, he was caught in a case registered on October 9," a senior police official said, requesting anonymity.

A senior official said that Roy and his accomplic...