The Bengaluru Police have busted a Rs 854 crore cyber fraud scam and arrested six people who allegedly cheated thousands of victims across India on the pretext of an investment scheme, officials said on Saturday.

The accused—Manoj, Panindra, Chakradhar, Shrinivas, Somashekar and Vashanth—  are all residents of Bengaluru, they said. The three other accused, alleged to be the masterminds behind the fraud have been identified, police said, adding efforts are being made to apprehend them. Out of the total cheated amount, Rs 5 crore had been frozen, police said, adding that in Bengaluru alone, the victims were cheated of R49 lakh.