A 24-year-old man, who holds an MBA from London University, was arrested in Delhi for allegedly cloning the ATM card of a Sub-Divisional Magistrate and withdrawing money from his salary account, police said on Thursday.

Mukul Garg, who hails from Ludhiana in Punjab, was apprehended from Mukherjee Nagar yesterday following investigations into a case filed on May 26 by Hauz Khaz SDM Pravesh Ranjan Jha, a senior police official said.

Garg, who did his MBA from London University, allegedly purchased some expensive articles and withdrew cash of around Rs four lakh through a cloned ATM card, the official said. He was earlier involved in a case of cheating in Saket.

"He procured number of cloned ATM Cards through some websites and used the same for shopping of expensive articles and sold these articles with a consideration of less amount than its MRP. Simultaneously, he withdrew the money from the accounts of number of people.

"He further confessed that he was in need of huge money, so he committed this crime number of times and also caught red-handed in Saket. He was arrested in February this year but was released on court-bail," the official said.

Jha had complained that he had noticed that someone has illegally withdrawn money from his salary account in SBI's Vijay Nagar branch.

"Continuous withdraw and purchase are evident from the beginning of April 2011 which have not been done by me or my family member," Jha said in the complaint filed in Greater Kailash police station.

The case, which was registered under Section 420 (cheating) of IPC, was then transfered to Mukherjee Nagar.