Two men were arrested for cheating a man of Rs. 12 lakhs.

The cops recently arrested two men for duping a 23-year-old of Rs. 12 lakhs on the pretext of getting him a loan for his truck business. The young man is a resident of Thane City, Maharashtra. He approached the cops when he realised that it was a fraud.

An official said that based on his complaint, the Thane police registered an offence under sections 420 (cheating), 406 (criminal breach of trust) and other relevant provisions of the Indian Penal Code. The victim managed two tipper trucks used for the transportation of construction materials to the Navi Mumbai airport site. For business expansion, he wanted to purchase six more vehicles and needed a loan. 

The accused promised to provide financial help to the victim and asked for Rs 12.9 lakhs as charges for the same.  When he did not receive the loan despite making the payment, the victim went to the police and lodged a complaint against the two.

In another similar incident, a man has been arrested from Kolkata for cheating several people in a cryptocurrency scheme. Accused Hamza Anwar promised a Mumbai resident that if he invests in this scheme, the ROI would be double the amount invested within a month.

The police official informed that the accused would take the help of social media influencers to attract potential investors. He was nabbed with the help of technical evidence. A mobile phone and SIM card used for the crime were recovered by the cops. Three social media influencers who helped Anwar for promoting the scheme are also under the scanner. Anwar was arrested under relevant sections of the Indian Penal Code (IPC) including 420 (cheating) and the Information Technology Act.