The dealer, Surendra Sharma, who was arrested yesterday, had allegedly duped 58-year old Gurnam Kaur and her husband Brijpal Singh of over Rs one crore on the pretext of making investment in a property business here.
Sharma had come in contact with the couple in 2007 while they came here to purchase a house in the city.
During their temporary stay here, the dealer became familiar with the elderly woman and lured her to invest in a property business here.
The couple gave him Rs 1.27 crore in 2007 to invest in a property and left for London.
However, after sometime when the couple visited the city, they failed to trace the dealer. They lodged an FIR against the dealer in February this year.
