Goa, Oct. 28 -- Goa Cyber Crime Police have arrested a 47-year-old man from Maharashtra in connection with an alleged online investment scam in which a Goa resident reportedly lost Rs.27.54 lakh.

The accused, identified as Ramesh, a resident of Ulhasnagar in Thane district, was arrested after investigators traced Rs.8 lakh from the suspected fraudulent transactions to him.

The case was registered following a complaint by a Goa resident who alleged that he had been cheated through a fraudulent online investment scheme.

During the investigation, police examined financial transaction records to trace the movement of the defrauded money. Based on the findings, a Goa Police team travelled to Maharashtra, traced the accused and brought him t...