New Delhi, March 2 -- The Economic Offences Wing (EOW) of Delhi Police has arrested Mukesh Arora, a key accused in a high-profile loan fraud case involving a property in East Delhi. The case, registered on August 5, 2020, pertains to cheating and misrepresentation in securing a Rs 5.05 crore loan, officials said on Sunday.

According to police, the complaint was filed by Indiabulls through Suneela Sangwan, alleging that Mukesh Arora, as the director of Tradenext Securities Ltd., along with his late mother, Poonam Arora, had obtained the loan by falsely claiming that the property at A-172, Preet Vihar, Delhi, was free from encumbrances. However, investigations revealed that five flats in the said property had already been sold to the India...