Six persons of a gang were arrested for allegedly cheating a company of Rs 1.93 crore after misusing the identity of its director in Whatsapp chats with a staffer, a police official said on Thursday, reported news agency PTI.

After the money was transferred, it was withdrawn by a member of this syndicate in China, who then converted it into cryptocurrency, the official informed.

"Our probe has found the bank accounts used in the current case were previously used in 11 cases of cyber fraud. Further investigations in the scale of the racket are underway," the official said, reported PTI.