The City Crime Station police on Saturday arrested Gowri Shankar Gupta, who duped the Hyderabad Metropolitan Development Authority by invoking the name of realtor major DLF.
Gupta, owner of PVR Malls, absconding since DLF lodged a complaint with detective department of Central Crime Station for deliberately cheating DLF to the tune of Rs 280 crore by inducing DLF to invest in some of the real estate development projects taken up by the GSG Group of Companies.
Earlier, the police issued look out notice for Gupta as the Nampally court refused to grant anticipatory bail to him.
–Agencies