A man, wanted by Mumbai Police in connection with a fraud worth crores of rupees through his cooperative firm, was today arrested here.
The Special Task Force (STF) of Uttar Pradesh Police arrested Ajay Singh Bharadwaj from the Vastu Khand area of Gomti Nagar where he was running a property business, police said.
Bharadwaj, against whom Economic Offences Wing (EOW) and CID Mumbai had registered cases, had floated Dhanlaxmi Cooperative Limited in Mumbai in 2006-07 and had duped Union Bank of India of crores of rupees.
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After commiting the fraud, he fled to Lucknow and started a property business.
Police also recovered over a dozen ATM cards, Rs 2 lakh in cash, a laptop, and an arms licence from his possession.