The Bangalore police have arrested a non-resident Indian businessman for allegedly defrauding banks in the United States and Britain to the tune of Rs 700 crore.
Gaya Gayithrinathan alias Subramanya, 59, arrested on Thursday, was running a travel agency, police said.
The Federal Bureau of Investigation had sought the Interpol's assistance in nabbing the accused, who had been absconding for two-and-a-half years.
The Interpol then requested the Central Bureau of Investigation's assistance.
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