New Delhi, February 28 A 36-year-old man has been arrested for allegedly defrauding a businessman of approximately Rs 1.37 crore by claiming to be involved in a meat export business, an official said on Saturday.
The accused, Mohsin Mohammed, was apprehended from New Rajendra Nagar in Delhi.
Police said a complaint was filed by Arjun Arora, who alleged that Mohammed induced him to invest substantial amounts by portraying himself as a large-scale meat exporter with business links in Dubai.
"The accused, along with his associates, allegedly created a false impression of running a profitable export venture and assured high returns on investment," the officer said.
He further said that Mohammed dishonestly obtained Rs 67.70 lakh through bank transfers from the account of the complainant's father.
The accused further persuaded the complainant to arrange USD 80,000 in Dubai through his associates as part of the purported business expansion.
"To gain the complainant's confidence and delay legal action, the accused allegedly issued cheques from two private banks despite being aware that sufficient funds were not available," the officer said.
Acting on an input, a team arrested Mohammed from the Double Storey Residential Block in New Rajendra Nagar on February 20.
The officer said that Mohammed also defrauded other victims using a similar modus operandi.
After allegedly committing the offense, he absconded and avoided joining the investigation.
Mohammed was previously involved in a 2021 case registered at the Economic Offences Wing. Efforts are underway to trace other co-accused and recover the defrauded amount, police said.
