A woman Director of a company who has been declared proclaimed offender in many cases of cheating for selling "flats" to home buyers has been arrested from Mumbai, the Delhi Police's Economic Offences Wing said on Sunday.

A number of complainants reported that they had booked residential flats in the project, namely Meadows Vista, Phase-I & II, in Raj Nagar Extension, Ghaziabad, UP, launched by Value Infracon India Pvt Ltd. On the basis of misrepresentation, many people has invested their hard-earned money in the project as the directors of the company, including the woman, projected rosy pictures of the project to the home buyers.