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Two Amritsar businessmen were cheated of Rs 10 lakh by three men in Mumbai last week; the Colaba police have arrested one of them and are on the lookout for the other two. Officers suspect it may be an interstate gang that cheats people under the guise of business deals. The police arrested one Edvin Pinto, 53, on Friday for allegedly cheating Amit Baldevraj, 42, and his business partner Piyush Mahajan, both of whom make plastic granules.