MUMBAI, May 7 -- A 35-year-old man who opened bank accounts for cyber frauds was arrested on Sunday. The latest case that led to his arrest involved a freelance consultant who was duped to the tune of Rs.1.62 crore in return for huge profits in online share trading. The arrested accused, Ikaullah Samiullah Syed, was tracked after the police found the defrauded money was deposited his bank account. The complainant, a 50-year-old Kandivali resident, said she came across a share trading post on social media in February and opened the link it directed her to. The link took her to a WhatsApp group that already had 157 members. Police said the group name was same as a reputed company. The group admin contacted her and urged her to invest, promising good returns. She invested Rs.1.42 crore and saw she made good returns. However, when she wanted to withdraw, the admin demanded Rs.19 lakh as a fee and she sent it too. She called the company directly to enquire and learnt she was cheated and called the cyber helpline. The police tracked Syed in April. During interrogation, he told the police of three others working with cyber frauds. The accused allegedly received a commission for operating bank accounts for the frauds. Megha Sood...