India, May 5 -- In a dramatic daylight con, a Pune-based real estate developer and his partner were duped of Rs.25 lakh in Chembur after a gang posing as police officers-armed with toy guns and sticks-staged a fake raid and fled with the cash. Nehru Nagar police have arrested one suspect on Sunday and are on the hunt for five others believed to be part of the elaborate scheme.

The arrested accused has been identified as Samir (full name withheld pending investigation), while his accomplices, all reportedly from outside Mumbai, remain at large. Police say the gang lured the victims with a classic "money-doubling" scheme and executed a film-style heist involving impersonation and deception.

According to senior inspector Ankush Khedkar of ...