Businessman duped into parting with Rs 1.1 crore

The Bhandup police are on the lookout for three people who allegedly duped a businessman into parting with Rs 1.10 crore. The police have registered a case against the three who have now been identified as Ashok Biyani (55), and Noida residents Yogesh Jirat (52) and Bharat Mittal (50).

According to complainant Jitendra Ghadigaonkar (44), a resident of Lodha Imperial at LBS Marg in Bhandup (W), between May and September 24 this year, the three accused conspired to dupe him on the false assurance of securing him loan from foreign investors for expanding his business.

The three have reportedly taken Rs 1.10 crore as processing fee from Ghadigaonkar, but he has not got any loan so far.

"The three used to meet at the office of Ghadigaonkar's Honesty Net Solution Pvt Ltd, in Bhandup to discuss business plans," said an officer in Bhandup police station. He added: "Biyani was known to Ghadigaonkar from the last few years as they shared business relations. It was Biyani who provided servers to Ghadigaonkar and told him that he belonged to the famous Biyani group and had good connections."

According to Bhandup police, Ghadigaonkar has been wanting to expand his business and was looking for capital to do that. The trio assured Ghadigaonkar that they knew some foreign investors who were willing to offer him loan.

"The three accused made false promises and took around Rs 1.10 crore from the complainant as processing fee to get him loan from foreign investors," said senior police inspector PR Chavan of Bhandup police station.

The police have registered a case of cheating against the accused and have launched a manhunt for them in the city.