The MHB colony police station have registered a case and booked two people, including a woman, for allegedly duping crores of rupees in the name of processing fees by luring hundreds of farmers in the state to get loan for agricultural and other businesses. The arrested, identified by the police as Minal Chavan and Mohan Patil, had formed a company called Life Info Care and hired agents at taluka level in various districts of Maharashtra with assurance of monthly salary and 1 percent commission of the sanction loan amount by giving newspaper advertisements.

The agents worked hard day and night and deposited the papers of hundreds of willing farmers in the company office at IC colony in Borivali West. The company also took huge sum of money in the name of processing fees from the farmers along with their documents such as PAN Card and Aadhar. When the company had to provide the loans to the farmers, they closed down and owners and associates went into hiding.