Mumbai, Apr 24 (PTI) A man was arrested for allegedly duping a woman entrepreneur of Rs 53 lakh after promising her high returns on investments, a police official said on Thursday.

Dinesh Rupal Chawla (38) was arrested by the cyber cell of Mumbai’s police’s North Region, he added.

“Chawla was in touch with cyber fraudsters and had opened multiple bank accounts for them to deposit money taken away from victims. He was held on the complaint of Rani Kahar, who invested Rs 60 lakh after being added to a Whatsapp group promoting such investments with the promise of high returns,” he said.

“She only got Rs 6.25 lakh back, while all attempts to withdraw the rest were blocked, which made her suspicious. Kahar then approached police. Our probe zeroed in on Chawla, who confessed to opening bank accounts on the instructions of cyber criminals and allowing them to use the accounts to collect the defrauded money,” he said.

There may be more persons involved in the scam and a probe into the entire aspects of the crime is underway, the official said. PTI ZA BNM