Man arrested for duping investor of Rs 1.25 crore

New Delhi: The Delhi police has arrested a 53-year-old man for allegedly duping an investor of Rs 1.25 crore on the pretext of providing exciting opportunities to purchase properties.

Accused Pankaj Dayal was arrested on Monday and was produced before a court the next day and was sent to judicial custody, they added. Mr Dayal was arrested from Nehru Place in connection with a cheating case of 2014. He had opened a company in the name of Realtech Constructions and he used to lure investors by telling them that they could make money money by investing in property, the police said. Later, he would keep delaying the ‘project' for some reason or the other and used to abscond later, the police said.