Gurugram Police have arrested a man from Telangana, identified as Vennam Raju, for allegedly defrauding a Gurugram-based garment company owner of Rs 2.45 crore. The accused, posing as a financier, reportedly promised a loan of up to Rs 100 crore at a low interest rate. The victim was asked to pay advance interest and provide financial documents. The accused allegedly met the victim in Hyderabad and further solidified trust by transferring a portion of the promised loan amount before the full fraud was uncovered.