Two persons have allegedly cheated a 52-year-old business consultant from Thane in Maharashtra of Rs 98 lakh by promising him profits from a government tender, police said on Monday.

As reported by news agency PTI, the accused, known to the victim, claimed to be the owner of two companies. As per the officials, the accused allegedly told the victim that they could secure a tender for supplying mobile phones to the Uttar Pradesh government through Electronics Corporation of India Limited (ECIL) and assured him a share in the profits.