The Thane police in Maharashtra have arrested a 53-year-old woman from Pune for allegedly cheating investors of over Rs 1.8 crore, an officials said on Saturday.

Acting on a tip-off, the economic offences wing (EOW) of the Thane crime branch arrested Shraddha Srikant Palande from Dehu Road of Pune earlier this week, assistant police inspector Jagdish Panhale said.