Businessman duped of Rs 11.50 crores, promising Rs 200 cr loan in Mumbai

A Ghatkopar businessman was promised a Rs 200 crore interest-free loan. He was duped of Rs 11.50 crores by individuals claiming to have Rs 300 crore cash in a Bihar godown. The accused demanded money to redeem the cash. The businessman transferred funds but was defrauded. The accused disappeared, leaving the businessman with significant losses.

Businessman duped of Rs 11.50 crores, promising Rs 200 cr loan in Mumbai
A Ghatkopar businessman was promised a Rs 200 crore interest-free loan. He was duped of Rs 11.50 crores by individuals claiming to have Rs 300 crore cash in a Bihar godown. The accused demanded money to redeem the cash. The businessman transferred funds but was defrauded. The accused disappeared, leaving the businessman with significant losses.