Ludhiana, Sept. 11 -- The cyber crime police have arrested a second accused in a Rs.2.45-crore cyber fraud case in which fraudsters allegedly impersonated the owner of a firm and duped its manager into transferring money.

The accused, Manwinder Singh alias Mani of Ludhiana, was arrested on Tuesday nearly four months after an FIR was registered. He was produced before a court, which remanded him in police custody for two days. According to commissioner of police Swapan Sharma, Manwinder allegedly helped divert the fraudulent funds by receiving a portion of the money in his bank accounts. The fraudsters had allegedly used the firm owner's photograph to create a false identity before contacting the manager. Posing as the owner, they alleged...