India, July 21 -- Six people were arrested from three states for allegedly operating a network of 200 bank accounts that a Dubai-based syndicate used to cheat a retired air vice marshal of Rs.2.65 crore in an investment scam, police said on Monday.

One accused was arrested from Ghaziabad on Saturday, while the remaining five were held during simultaneous raids at two apartments in Bahadurgarh and Delhi a day later. Investigators recovered three laptops, 16 mobile phones, 90 ATM cards, 42 cheque books, 35 SIM cards, stamps of four firms, and a passport bearing a Dubai visa from their possession.

The accused were produced before a local court on Sunday and remanded in two-day police custody.

According to assistant commissioner of police ...