Hyderabad, June 26 -- The Attapur police have arrested Surya Bhai, popularly known as the "Gold Man" of the Old City, for allegedly cheating several people by promising to supply pure gold at prices lower than the market rate.

According to police, Surya Bhai, who was known for wearing large amounts of gold jewellery and projecting himself as a wealthy businessman, allegedly collected lakhs of rupees from customers by assuring them of discounted gold purchases.

False claims of close ties with CM, Hyderabad CP

He is also accused of falsely claiming close ties with Telangana chief minister Revanth Reddy and friendship with the Hyderabad Police Commissioner to gain the confidence of victims and influence them into investing money with him....