A 39-year-old M.Com graduate from Delhi University has been arrested in Kolkata for allegedly duping more than 700 people on the pretext of giving them flats in a co-operative society in Bakhtawar Pur area in Delhi, the police said on Friday.

The police said the accused along with his associates had collected money from the people before disappearing. He was on the run since 2016 and was living in Kolkata under a false identity.