New Delhi, Aug 8 (PTI) A couple has been arrested for allegedly cheating a firm of Rs 5.6 crore by launching a housing project and selling the same units to multiple buyers as well as mortgaging the property with various financial institutions via fraudulent means in Uttar Pradesh's Ghaziabad, police said on Tuesday.

The accused have been identified as Ashok Goel and Vandana Goel, they said.

Also Read | Haryana Communal Violence: Mobile Internet Services in Nuh Stay Suspended Till August 11.

"The duo was arrested from Pune in Maharashtra on August 3," Deputy Commissioner of Police (EOW) Surendra Choudhary said.

A case was registered on the complainant of a housing finance firm alleging that the accused posed as directors of Jaipuria Buildcon Pvt Ltd and launched a project called 'Jaipuria Apartments Crossing Republic' at NH-24, Ghaziabad in 2007.

Also Read | Jammu and Kashmir: Rajouri Chikri Wood Craft, Anantnag's Mushqbudji Rice Receive GI Tag.

On the assurance of the accused directors, the complainant sanctioned 24 loans to the buyers in the project. Later, it was revealed that the accused had allotted the same flats to different buyers/financial institutions and cheated the complainant of Rs 5.6 crore, the officer said.

Several raids were conducted to track the accused in the Delhi/NCR. Later, it was emerged that they were hiding in Pune, he added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)