A 44-year-old man was arrested by Mumbai Crime Branch for allegedly defrauding several hundred persons on the pretext of high returns from share market investments, an official said on Saturday, reported the PTI. 

According to the PTI, Ashish Shah was held from neighbouring Madhya Pradesh by the Crime Branch's property cell after a case of cheating and other offences was registered in Versova police station in the western suburbs of Mumbai, he said.