A 37-year-old man has been arrested for allegedly posing as an Indian Police Service (IPS) officer and duping a businessman of Rs 1 crore in Maharashtra's Nashik district, the police said on Monday.

According to Nashik Police, the accused, Gaurav Ramachheshwar Mishra, allegedly wore a police uniform, travelled in a vehicle with a beacon and used a fake identity card of the inspector general in the Indian Railway Board.