Mumbai (PTI): The Mumbai police have arrested a man for allegedly cheating a couple of Rs 72 lakh in a forex trading fraud, officials said.

A search was underway for two other accused individuals -- a man and his son -- in the case, they said.

The victims in their police complaint said they got in touch with the accused three years back.

The three accused told the couple, residents of Borivali in Mumbai, that they were major investors and ran a successful forex trading business. They claimed that many people had invested with them and earned significant returns, an official from Kasturba Marg police station said on Tuesday.

Trusting their assurances, the couple invested Rs 72.5 lakh in instalments between April and August 2022.

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