Guwahati, May 14 -- A businessman from North Lakhimpur of Assam, has been arrested by the Sangram Police in Kurung Kumey district of Arunachal Pradesh, for allegedly defrauding local residents of several lakhs of rupees through fraudulent business investments.

The businessman, Rahman Ali, who had been running a business in Sangram for nearly nine years, initially borrowed Rs 2.6 lakh from a local resident, Tai Taba, on June 25, 2023, under a formal agreement.

Over time, he convinced Taba and other local residents to invest additional amounts, totaling nearly Rs 35 lakh, promising high returns on their investments.

However, on February 24, 2025, Ali suddenly fled Sangram with his family and relatives, leaving behind the borrowed funds u...