Two persons were arrested after a 74-year-old retired Indian Institute of Technology (IIT)-Bombay staffer was cheated of Rs 4.62 crore through threats of Central Bureau of Investigation (CBI) action, with the money allegedly transferred to their bank accounts, news agency PTI reported, quoting the police.

The complainant worked as a medical officer with IIT-Bombay, police said. They added that the two accused, Narendra Sinha and Gunjan Devkumar Dineshchandra, were arrested for allegedly providing their bank accounts to cybercriminals to route the defrauded money.