Bhubaneswar, April 30 -- Cuttack and Bhubaneswar Commissionerate Police on Tuesday arrested a person on charges of duping people by promising attractive returns on deposits.

The accused has been identified as Rajesh Nayak. He along with his brother Rakesh Nayak duped a woman of around Rs 33 lakh and another man of Rs 81 lakh by promising an interest of 20 percent per month.

On the basis of the complaints lodged, police arrested Rajesh and launched a probe to find out if there were some other victims. A manhunt has also been launched to nab the absconding accused.

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