India, Nov. 4 -- Praveen Kumar Kapoor, co-founder and promoter of realty firm SRS Group accused of cheating investors and banks of Rs.2,200 crore, was stopped by the US authorities from entering New York based on an Interpol red notice and has been deported to India, people familiar with the development said on Tuesday.

Kapoor, 62, a resident of Faridabad, along with two other promoter-directors of SRS Group - Jitender Kumar Garg, Sunil Jindal- had been absconding for the past several years and were said to be hiding in Georgia and Dubai, officials said.

"The Interpol Washington office informed us that the fugitive businessman, Praveen Kumar Kapoor, was travelling on October 31 to New York. The authorities at Newark International Airpor...