A 41-year-old man was arrested in Thane in Maharashtra for allegedly posing as a police personnel and making an online transfer of Rs 5.72 lakh from the account of a student after snatching his mobile phone, an official said on Saturday.

The 19-year-old boy was stopped by the accused while travelling in a rickshaw on November 13 and asked to delete several messages from his phone, Senior Inspector Manohar Awhad of Kalwa police station said.