Five persons from Mangaluru have been booked by Sanguem police on charges of cheating a businessman of ₹1.85 crore, after assuring him a loan of Rs 200 crore for his business.
In a police complaint, Piyush Jari, proprietor of Albys Agro Pvt Ltd of Xelpem-Sanguem stated that sometime between March and April at Xelpem, the accused, Yogesh Sawant, Jaiswal, Roshan Saldanha, R K Nayak and Reddy all from Mangaluru, dishonestly induced him to make
a payment of ₹1,85,94,600 towards 1 % stamp duty charges, on the pretext of availing a loan of ₹200 crore for his business.
Accordingly, the complainant made transactions into the account details provided by the
accused and further with their fraudulent and dishonest intention and to deceive the complainant, the accused failed to disburse the loan amount of ₹200 crore into the complainant's account, thereby cheating the complainant.
Sanguem police has registered a case against the accused under Sections 318, 318 (3) r/w 3(5) of BNS 2023 and LPSI Kavita Rawat is conducting investigations into the case.
