India, Sept. 3 -- Pimpri-Chinchwad police cyber cell arrested three persons for allegedly cheating a company of Rs.2.20 crore by creating a fake WhatsApp account in the name of its CEO and directing an employee to transfer money to multiple bank accounts, police said on Wednesday.

The accused have been identified as Sanchay Chavan, 20, of Dombivli East; and Ramesh Kumar Puniya, 24, and Prakash Pawar, 20, of Panvel and originally from Jodhpur, Rajasthan.

The fraud took place on August 14, when the accused allegedly contacted the company's accounts executive through a fake WhatsApp account and posed as the company owner. They initially sought details of the company's account balance and then shared bank account details, instructing the em...