The chairperson of a Kalyan-based charitable trust was cheated by three persons on the pretext of providing the trust with a multi-crore loan at dirt-cheap interest rates. The complainant, Ravindra Sakpal, visited the commisionerate office with an application following which the case was registered at the Worli police station in April.

Officials from the Worli police station said they arrested two of the three accused, who were identified as Ravish Singh (50) and Narendra Ahire (34), last week from Worli. Cops are still on the hunt for the scam's mastermind, Tushar Patel, who is said to be evading arrest by constantly changing locations.