India, May 18 -- A 24-year-old man has been arrested for allegedly cheating over 20 companies of around Rs.3.5 crore by procuring goods from their establishments and issuing cheques which would later get bounced, police said.

The accused, a resident of Sector 5 in Gurugram, was arrested by the Economic Offences Wing (EOW) on Friday in connection with the case.

According to police, the case was registered at Sector 14 police station in October last year after representatives of over 20 companies filed a joint complaint alleging that the accused and his associates had procured goods such as spices, cumin, almonds and other products worth crores from various firms and issued cheques assuring prompt payment.

Investigators said the cheques ...