The Crime Branch of Delhi Police said 50 year-old Mukul Paul Taneja, a resident of Hauz Khas, was arrested on May 1 from Munirka Market in South Delhi on the complaint of the NRI Nisha Karavadra.
According to police, Taneja, who claimed to be honoured by the British Government as a "Lord" for his distinguished services in the field of education, cheated the woman by selling her a car for Rs 10.5 lakh claiming as free from any hypothecation.
Like Karavadra, Taneja also allegedly duped several people by selling them high-end cars that he purchased after taking loans from banks, they said.
He had assured the victim that there was no outstanding loan against the car.
"The victim reported that she came in contact with the accused after seeing an advertisement in a daily newspaper. She agreed to purchase the said car after the assurance given by the accused that the registration certificate would be transferred in her name within a week.
