IT dept arrests AB Hotel's MD

Hyderabad, Oct 19 (UNI) Officials of the Income Tax department today arrested the Managing Director of Delhi-based AB Hotels, Ramesh Kapoor, and seized Rs 2.8 crore from his possession at Begumpet Airport.

On a tip off, the IT officials arrested him along with one Amit Kapur. They had come to the city to purchase land and invest in real estate business, the sources added.

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