Briton held in property fraud probe
A British man suspected of a multi-million pounds property fraud has been arrested, Czech police said.
An anti-corruption unit detained the 64-year-old, who was not named, in the town of Rataje nad Sazavou, said police spokesman Roman Skrepek.
Mr Skrepek said in a statement the suspect allegedly misled investors from a number of countries, including Australia, Britain, Canada, France, Germany, Peru, Switzerland and Singapore by promising them profits through investment in the Czech property.
A Prague court had ordered the man's arrest in August 2008. He has been on the run since.
The statement said the victims were defrauded of more than 120 million koruna (£4.3 million).