Nine people were arrested on Sunday for allegedly looting a labour contractor of Rs 12 crore, by posing as police officers in Hotel Bawa International at Nehur Road, Vile Parle (East).

The victim Anand Ashok Ingle, 29, is a professional labour contractor and a resident of Rajnigandha society at BARC colony, Sion. Police sources said Ingle wanted to convert this black money into white and planned to meet two people at the hotel for the same on Wednesday evening.