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Mumbai: Sion businesswoman duped of Rs 48.5 lakh by couple promising loan, property, school admissions

The victim first came into contact with Rawal through an acquaintance during a business setback

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A 55-year-old businesswoman from Sion has lodged a complaint with the police, alleging that she was defrauded of Rs 48.5 lakh by a Kandivli-based couple who promised to arrange a multi-crore bank loan, secure commercial property at discounted rates, and even get her children admitted to prestigious schools.

The complainant, who runs a tours and travels company from her residence, told the police in her complaint that the accused, Grishma Jagdish Rawal, and her husband, Rajesh Velan, residents of Kandivli West, took advantage of her financial distress between September 2023 and January 2024.

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