India, Feb. 18 -- A 47-year-old software professional accused of defrauding over 100 Mumbai residents of crores of rupees through a fake investment scheme was arrested at the Ahmedabad airport after allegedly being on the run for more than two years, police said on Tuesday.

The accused, identified as Sushant Shankarrao Dev, a software developer, is named in a case registered at the Dahisar police station in Mumbai under various sections, including 406 (breach of trust), 420 (cheating), and 120(B) (criminal conspiracy) of the Indian Penal Code, along with sections 3 and 4 of the Maharashtra Protection of Interest of Depositors Act, which deal with fraudulent financial establishments and penalties for cheating depositors, said officers.

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