An apparel businessman from Mysuru lost Rs. 1 crore to a gang that promised him a loan of Rs. 100 crore to expand his garment business.
The police have taken up a cheating case against three persons based on a complaint filed by businessman.
As per reports, Vincent planned to venture into garment exports and estimated his requirement at Rs. 100 crore. He was desperately seeking big loans to meet his immediate working capital needs.
He was introduced to Sanjaya Shukla, who promised to arrange a loan of Rs. 100 crore. Shukla asked Vincent to pay 1 per cent of the amount to his boss, who runs a private company in Chandigarh.
Vincent paid Rs. 1 crore in various instalments to Sanjay as the gang promised to transfer the loan amount, but went incommunicado.
When Vincent realised that he had been tricked, he filed a cheating case against Shukla and two others (Rahul Tiwary and Ashraf Khan).
Local police is investigating the matter.
