He was handed over to income-tax (I-T) officials.
The accused has been identified as Prabhakar Reddy, a resident of Koramangala. Police said there was a case related to tax evasion over Rs 2 crore with the I-T department.
There was an arrest warrant pending against Reddy and taxmen sought city police help to nab him.
“We arrested him and produced him before the tax recovery officer of I-T department for further procedure,” said a police officer.
Reddy was facing more than 50 cases related to land grabbing and cheating across the city. Earlier, he was arrested by CCB police on February 22 and later released on bail.