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Three arrested in Maharashtra's Thane for allegedly duping businessman of Rs 31.21 lakh
Updated On: 28 November, 2025 02:55 PM IST | Thane | mid-day online correspondent
The complainant has alleged that the trio approached him in December 2024, claiming to have strong ties with major finance companies, and assured him that they could arrange a Rs 100 crore business loan, he said
The official said that a probe is underway and efforts are underway to trace the accused and verify financial transactions. Representational Pic
Thane police have registered a case against three individuals for allegedly cheating a businessman of Rs 31.21 lakh under the pretext of facilitating a Rs 100 crore loan, officials said on Friday.
Based on a complaint, the Kasarwadavali police filed a first information report (FIR) on Wednesday under Section 418(4) (cheating) of the Bharatiya Nyaya Sanhita (BNS) against Lalbabu Thakur and Vinod Yadava, both residents of Mira Road, and Shailesh Valnad from Vadodara, Gujarat, an official said, reported news agency PTI.
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