Police in Raipur have arrested a 19-year-old man for allegedly cheating at least four small traders of nearly ₹15 lakh by fraudulently availing pre-approved loans in their names and diverting the funds to his own accounts. The accused, identified as Krish Pawar, a Class 10 pass from Chhindwara in Madhya Pradesh, was operating in the Maudahapara police station area, officials said.