A 50-year-old businessman travelling by a car was killed when a speeding Mercedes hit him in Chanakyapuri here on Friday.

Harbeer Singh was on his way home in his Mercedes car when he rammed a Maruti-800 car while taking a U-turn on Army Metcalf Road around 10 p.m. Moolchand Sharma, who was travelling in the Maruti-800, was killed on the spot.

A call was made to the police and Harbeer was arrested.

A share broker, Harbeer was returning from a party in a five-star hotel when the accident took place. He is a resident of New Friends Colony.

Moolchand, a resident of Lajpat Rai, ran a tours and travels agency on Mata Sundari Road.