New Delhi: A 48-year-old man has been arrested from south Delhi's Kotla Mubarakpur area for allegedly cheating unsuspecting investors by promising them high returns on fixed deposits, police said Saturday.

Pran Gobinda Gomasta, the accused, is a resident of Sanjay Colony in Bhati Mines here, they added. In December, 2018 several cases were filed where complainants alleged they were duped by Gomasta, said Deputy Commissioner of Police (South) Vijay Kumar.