A 37-year-old man has been arrested but his accomplice is on the run for allegedly cheating a Mumbai-based woman entrepreneur to the tune of Rs 15 lakh by not giving her promised tickets for the India-Pakistan World Cup cricket match held last month.

Police said the complainant used to run an event management company and had paid Rs 34 lakh to one of the two accused, identified as Saurabh Nikam, towards arranging 18 tickets for the presidency class of the cricket stadium in Ahmedabad.