Thane police have arrested eight persons for allegedly cheating at least 50 people to the tune of around Rs 10 crore in Maharashtra and other states of the country by forging their bank cheques, an official said on Sunday.

One of the accused, hailing from Gujarat, used to provide information to the other culprits about people having big balance accounts so as to target them, said senior police inspector Shekhar Bagde of Manpada police station in Kalyan division. They would then generate fake cheques using a laptop and a printer and send them for clearance to banks to siphon off the money from the accounts of victims, he said.