India, May 1 -- The West Cyber police arrested three men - one from Nagpur and two from Panvel for duping more than 40 people of crores of rupees by luring them to invest money in their fake trading app.

The incident came to light when a 52-year-old complainant from the western suburbs registered a case in the first week of April after he was cheated of Rs.15 lakh.

One of the arrested accused, identified as Vipul Kamlakar Patne, 28, is native of Nagpur, while the two others, Anmol Kumar Ritesh Shahi, 20, and Shivam Omprakash, 26, are residents of Panvel. The police have seized three mobile phones, 11 passbooks, 14 cheque books, and several ATM cards of various banks from the accused, who were sent to judicial custody for 14 days.

Accor...