The Nagpur Police in Maharashtra have arrested a man and booked another for allegedly duping a businessman of more than Rs 4 crore in the trading of thermo-mechanically treated (TMT) iron bars, officials said on Thursday, reported the PTI.

According to the police, the alleged fraud took place between May and December 2024 after which a case was registered at the Kalamna police station in Nagpur, an official said.