Mumbai: Two key members of a gang from Chennai 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 — had lured a businessman to avail a loan of Rs 20 crore and allegedly duped him of Rs 1 crore. The anti-extortion cell of crime branch had held three others in this case. The gang members have also cheated 25 to 35 people across India.
A complaint was filed by a city businessman Manoj Poddar, 48, who alleged that he was duped into issuing demand drafts of Rs 96 lakh as processing fee for a loan of Rs 20 crore at a low-interest rate. — S Ahmed Ali