An official on Monday said that the police have registered a case against three persons and a finance company for allegedly cheating a 40-year-old woman by taking a loan of Rs 94 lakh after fraudulently mortgaging her firm's equipment in Navi Mumbai, reported news agency PTI.

The accused connived and informed the businesswoman that a private company run by her was to get a tender from a firm in Amravati and availing loan was necessary for the same, the official said while sharing an update on the Navi Mumbai crime, reported PTI.