Software co owner held for cheating

Chennai, Sep 13 (UNI) Police today arrested a software company proprietor for allegedly cheating a travel agency owner of Rs 60 lakh.

Police said Anand Kumar, running a travel agency, gave a loan of Rs 60 lakh to Ram for improving his software firm.

However, Ram escaped after locking his establishment without repaying Kumar.

A local court later remanded him in judicial custody.

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