Man Dupes Homebuyers Of Rs 2.50 Crore, Arrested: Delhi Police

Man Dupes Homebuyers Of Rs 2.50 Crore, Arrested: Delhi Police

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K Ponniah, an ex-servicemen, was declared a proclaimed offender in 2018, police said (Representational)

A 46-year-old man was arrested from Tamil Nadu for allegedly duping homebuyers of Rs 2.50 crores by luring them to invest in a housing project in southwest Delhi's Dwarka area, police said on Thursday.

K Ponniah, an ex-servicemen, was declared a proclaimed offender in 2018 after he fled to his native village in Tamil Nadu and did not join the probe related to this case despite issuance of several notices to him, they said.

He was arrested on Tuesday from a lodge in Puddukottai district of Tamil Nadu by a team of Economic Offences Wing (EOW), police said.

Joint Commissioner of Police (EOW) OP Mishra said the complainants were induced by the accused to invest in his housing firm namely Defence Personnel Welfare Housing Organisation (DPWHO) for a project which was to come up in Poachanpur village in Dwarka sector 23.

"He convinced investors about the project and told them that the construction had commenced and would be completed within the stipulated time.

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