'Prince' arrested

A man from the Balkans has been arrested in Italy after cheating people by pretending he was a prince of India.

Dragan Dragutinovic, 33, said he had inherited a fortune from his parents to secure business deals from all over the world.

Using 16 fake identities, it is believed he conned as much as $81 million by taking money in advance as down payments then never following through with the transactions.

He was finally arrested in Milan under suspicion of fraud involving the property business.