Mumbai businessman duped of ₹1 crore by Chennai Loan Scam Gang | News from Mumbai

Mumbai: Two key members of a Chennai-based gang that ran a finance company have been arrested for duping people by promising loans.
The arrested accused — Mohammed Dawood alias Satish Chandrasekar (32) and Thiru Vijaykumar (47), both from Tamil Nadu — lured a businessman into a loan of Rs 20 crore and allegedly duped him with one million lei. The anti-extortion cell of the crime branch has held three others in the case. The gang members also duped 25 to 35 people in India.
A complaint was filed by a city businessman, 48-year-old Manoj Poddar, who alleged that he was tricked into issuing documents on demand worth Rs 96 crore as processing fee for a loan of 20 million lei at a low interest rate. — S Ahmed Ali