India, Feb. 9 -- Two employees of a private bank were arrested on Saturday in connection with a Rs.50 lakh cryptocurrency investment fraud in which residents were allegedly lured to invest in cryptocurrency, police said on Sunday. Earlier on Thursday, another co-accused was taken into custody for allegedly using a fake app and messaging platform groups to defraud victims.

A senior official at the Cyber police station (south) said five suspects, including two bank employees, were arrested for creating bank accounts using forged documents in exchange for money. "Based on a complaint received on January 15 this year, an investigation was launched," the official said, adding that Pintu Kumar, 30; Rohit (single name), 30; and Umang Gupta, 26,...