LUCKNOW, June 6 -- The Economic Offences Wing (EOW) of Uttar Pradesh Police arrested Mahipal Singh, a director of Karmabhoomi Real Estate Company Limited, in connection with an alleged investment fraud of around Rs.100 crore that affected hundreds of investors across several districts of the state, according to an official statement issued on Saturday.

Officials said Mahipal Singh, 50, a resident of Chhatikara in Mathura district, was arrested by the EOW's Kanpur Sector team from Mathura on Saturday as part of a special drive against wanted economic offenders. According to the EOW, he was wanted in an investigation linked to a case registered under charges of criminal breach of trust, forgery, use of forged documents and criminal conspir...