MD of realty group arrested in Ludhiana

The managing director of a real estate group, Gold Souk, has been arrested for allegedly cheating city-based investors here, police said today.

The case against Gupta was registered at Ladhowal Police Station.

"Gold Souk Group MD Amit Gupta has been arrested," Deputy Commissioner of Police (DCP) Nimble Dhumle said.

Sixty investors, in a joint complaint, had alleged they were not allotted commercial site as promised by the company in a real estate project.

The accused was booked under charges of cheating and criminal conspiracy, police added.