India, Dec. 8 -- Delhi Police have arrested the alleged mastermind of a multi-state forex cheating syndicate that targeted traders, professionals and travel businesses by posing as high-value clients and film industry insiders.

The accused, identified as 31-year-old Krishna Kumar Sharma, was wanted in a Kolkata case where he allegedly fled with 15,000 US dollars and 1,000 euros, worth roughly Rs 14.5 lakh.

Deputy Commissioner of Police (Crime) Harsh Indora said Sharma ran a structured fraud operation that used fake identities, staged luxury meetings and involved multiple accomplices. "He lured victims with promises of big forex deals and sometimes posed as a film producer. Meetings were arranged in five-star hotels to make the setup loo...