Azad Maidan police have arrested a 53-year-old office assistant Madhukar Patil of Mehra Capital Services Pvt Ltd on Sunday in a fraud case of Rs. 2.88 crore.

Patil was on the run after the GT Punja, director of the company, registered a case against him on March 14 at Azad Maidan police station. After the police began investigating the case, Patil went underground. However, later on, he surrendered himself before the police after the pressure started to mount on his family, said the source.