: Three persons were arrested here on Friday for allegedly duping a real estate developer of Tirupati on the pretext of providing loan at low interest.

According to the police, Shalender Pratap Singh, Satender Kumar and Sonpal Singh were arrested from Rohini Sector 9 after N. Prakasam, a resident of Tirupati, lodged a complaint that the trio duped him of Rs. 12 lakh on the pretext of providing loan of Rs. 1 crore at 3 per cent interest.

Prakasam was asked by the trio to deposit original property documents, four blank cheques and his mobile phone at their office here on April 24 and the complainant did accordingly.

The trio gave Prakasam a fake demand draft of Rs. 1 crore. Using two of the blank cheques, a total of Rs. 10 lakh was withdrawn by the three, whereas the complainant had already paid Rs. 2 lakh towards processing fee, board, lodging in the name of verification. --PTI