Afroj alias Afroj Ahmed, a resident of village Khera of Bihar's Bhagalpur district, was arrested on the complaint of one Rekha Devi, police said today.
"Ahmed, who had an office at Vardhman City Plaza in the name of Ashiyana Property and Builders, had lured Devi and three others to invest in property and entered into an agreement to provide them plots in Greater Noida at cheap rates," said Devesh Chandra Srivastava, Addl CP Central District.
Later, he closed his office and went missing.
During investigation, it came to light that Ahmed was running his office at Vardhman Plaza in the name and style of Ashiyana Builders.
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He was located to Bhagalpur, from where he was arrested, Srivastava said.
During interrogation, he said he worked as a security guard and later as a property dealer. He launched his own firm at Vardhaman Plaza and started advertising his office as Ashyiana Builders, resembling and imitating a known developer of Noida.