India, Nov. 6 -- A 79-year-old Andheri retiree was allegedly kept under a virtual police investigation, threatened with the arrest of his family and cheated of Rs.1.10 crore by cyber frauds who accused him of being involved in a Rs.15-crore money laundering racket. The North Region Cyber police have arrested a company director whose firm's bank account allegedly received Rs.71 lakh of the defrauded money.

The accused, Vrushabnath Dhanpal Tardale, a native of Karnataka and director of Vrushika Agri & Dairytech Private Limited, allegedly opened a bank account in the company's name to receive part of the money. The police traced the account during their investigation and arrested him.

The victim, Harivandan Dahyabhai Taylor, who lives in A...