Maharashtra: Bizman falls prey to 'money doubling' promise, loses Rs 2 cr; one held

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A man has been arrested from Mumbai while his four accomplices are on the run for allegedly cheating a businessman from Thane district of Maharashtra of Rs 2 crore under the pretext of doubling the money, police said on Sunday.

The accused persons showed the victim a bogus email and documents in the name of an international bank to gain his trust, an official said.

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However, they never paid the promised money and also refused to return Rs 2 crore, following which the businessman approached the police, he said.

A case was registered under various sections of the Indian Penal Code and the Information Technology Act.

Further investigation is underway.

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