A week after the Malad police arrested four people in connection with a Hyderabad-based travel firm - Elite Group of Loyalty Services - for allegedly duping more than 100 people from the city of Rs 1 crore on the pretext of providing them gym memberships and holiday packages at discounted rates along with exciting gifts, the cops have netted the most important person involved in the racket - mastermind Arif Sayed. The development comes almost two months after a Borivli resident, cheated by the company, registered a complaint.

Fifth arrest

According to the police, Sayed, owner of the firm, was arrested from Hyderabad. This is the fifth arrest in the case. Speaking to mid-day, Police Inspector Gulzarilal Phadtare, said, "We picked up Arif from Hyderabad. He has confessed to his crime." All the arrested accused have been booked for cheating and forgery.