India, July 19 -- Rohan Saldanha, a resident of the Jepinamogaru area in Karnataka's Mangaluru and a suspected high-profile conman, was arrested after a midnight raid by Mangaluru city police, officials said on Friday.

According to police, 45-year-old Saldanha allegedly duped several businessmen across India of Rs.200 crore by promising massive business loans and real estate deals.

"He would invite the victims to his bungalow under the pretext of business dialogues," said CEN police inspector Revana Siddappa. "The accused collected huge commissions and made excuses later. He was arrested based on a complaint by an Andhra Pradesh-based saree businessman who was duped of Rs.40 lakh. Acting on a tip-off, we raided his bungalow on Thursday ...