India, June 19 -- Three alleged members of a cyber fraud gang operating from Delhi were arrested for cheating a Gurugram resident of Rs.2.53 crore in a stock market investment fraud, police said on Thursday.

The arrests followed an investigation into a complaint filed at the Cybercrime police station (West) on May 18, which led to the registration of an FIR for cheating and forgery.

The complainant alleged that suspects used social media advertisements to promote fraudulent, high-yield investment schemes, luring him into transferring crores of rupees across multiple transactions into bank accounts they specified.

Police identified the accused as Janak, 27, a resident of Delhi's Vivek Vihar, Dinesh Kumar, 30, from Rewari in Haryana, and...