Rourkela: Cyber crime and economic offences police station in Sundargarh district cracked an online financial fraud case by arresting a fraudster from Uttar Pradesh and bringing him to Sundargarh on transit remand.The company was allegedly cheated of around Rs 1.85 crore through a fraudulent business email. Police apprehended before sending him to judicial custody on Saturday night.Further investigation revealed involvement of Zubair alias Zubair Khan (26), a resident of Hapur district in Uttar Pradesh. Of the Rs 1.85 crore allegedly siphoned off by the fraudsters, Rs 1.14 crore has been restored to the victim company’s bank account. Further investigation is underway to identify and arrest the remaining accused, police said on Sunday.According to the police, the accused allegedly impersonated a genuine business associate of the Sundargarh-based company. They sent a deceptive email to the private company, purportedly requesting a change or update in the beneficiary bank account details. Believing the email to be genuine, the complainant transferred company funds totalling Rs 1.85 crore through two RTGS transactions. The transfers included Rs 65,57,436 and Rs 1,19,88,000, which were sent to a newly provided bank account maintained in the name of the company.The fraud came to light when the genuine party contacted the company regarding the non-receipt of the outstanding payment. The complainant company realised that the email was fraudulent.Police said the accused had allegedly used impersonation, deception and fraudulent electronic communication to divert legitimate business payments into a suspected fraudulent or mule bank account. During the investigation, Rs 1.14 crore was traced and placed on hold in the concerned bank account. Following an order passed by a court in Sundargarh, the amount was restored to the victim company’s bank account.Khan was caught on Wednesday with assistance of Uttar Pradesh police. Two mobile phones, SIM cards and other relevant documents were seized from his possession. Khan was produced before a court in Uttar Pradesh, which granted transit remand. He was subsequently brought to Sundargarh on Saturday and sent to judicial custody.