India, Jan. 7 -- Two key operators were arrested in a racket that defrauded people to the tune of Rs.200 crore by luring them into investing in online forex and gold trading. Five other members involved in the fraud were arrested around two months ago.

The accused defrauded at least 500 people from Maharashtra and several others from other states by making contact and gaining their trust through matrimonial sites and social media platforms. The victims were then coaxed into investing in online forex and gold trading.

The two key operators arrested on Monday have been identified as Abhishek Anil Narkar alias Gopal and his accomplice, Mohammed Rashid Fakir Mohammed Baloch alias Lucky.

"We picked up Narkar in a hotel room in Mumbai, from ...