India, May 22 -- Three men were arrested for allegedly defrauding a 21-year-old college student of Rs.52 lakh by luring her into a fake stock market investment scheme and promising high returns.

The North Cyber Police, based in the Bandra Kurla Complex (BKC), identified the accused as Mohammad Asif Mohammad Aslam Rahim, 28, Sushant Suresh Sapkat, 26, and Yusuf Mohammad Sheikh, 30. According to investigators, the trio had provided their bank account details to key cyber fraudsters who orchestrated the scam.

The accused were produced before the Borivali court and remanded to police custody. A special operation is now underway to trace and arrest other individuals involved in the racket.

The complainant, a resident of Malad and an M Com s...