A Taiwanese man has been arrested and accused of defrauding hundreds of people by posing a member of the Brunei royal family, local media reports say.

Wei Yao-sheng is said to have claimed to have been authorised by a Brunei bank to set up a royal investment fund in the country.

He managed to attract some $9.2m (300m Taiwan dollars; £5.8m) from his victims, according to the China Times.

Mr Wei gained notoriety after penning an autobiography revealed as fake.

His 2001 book, entitled I Made a Hundred Million at Age Eighteen and purporting to describe how he achieved success as a teenage entrepreneur, was exposed as fiction and rapidly removed from the shelves.

Mr Wei is also reportedly being sought for evaded an eight-month sentence for fraud and blackmail dating back to 2007, reports say.