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The arrested is identified as Agnesh Matapati, a resident of Rajajinagar.
It is gathered that Agnesh had taken money from people after assuring to buy them valuables like cars, mobile phones and other electronic gadgets at a discounted price by using his army ID card.
He was arrested after one of his victims lodged a complaint with the police on April 8, stating that the suspect had taken Rs 22 lakh from him to buy several valuables at a discounted price.
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