India, Sept. 5 -- Four persons were arrested in Indore in Madhya Pradesh for alleged involvement in buying and selling bank accounts for use in cyber fraud, a police official said on Friday.

Deputy Commissioner of Police Aman Singh Rathore identified the four as Monish Mandloi (29), Piyush Kushwah (22), Rishi Pawar (20) and Sujal Soni (20). Search is on for another associate identified as Rupesh Mangrolia (26), he added.

"During questioning, Mandloi claimed he opened a bank account at the request of Kushwah and handed over the entire bank kit, including the passbook, cheque book and ATM card, to him for Rs 2,000. Kushwah then sold the account to Pawar for Rs 5,000, who further sold it for Rs 10,000," Rathore said.

The investigation als...